Bitcoin On the Brink: Will $105K Hold & Spark the Next Run? 🔥"

$BTC

🌟 Binance Square Family: BTC/USDT Long Setup – Ride the Next Wave Together! 🌊🚀

📊 Market Pulse: What’s the Buzz?

Price Snapshot: BTC hovering around $105K–$106K, with brief dips down to ~$104K amid cautious trading .

Macro Momentum: Rising institutional buy-ins — over $400M inflow into BTC ETFs recently — plus whales stacking are showing signs of accumulation .

Macro Context: Fed’s policy uncertainty and geopolitical jitters stirred a minor pullback, but BTC remains resilient above $105K .

---

🛠️ Technical Snapshot: Chart Signals You Need

1. Support & Resistance

Strong base around $102K–$104K, with firm buying interest .

Overhead obstacle looming at $108K–$110K, with breakout potential up to $112K and even $120K if volume confirms .

2. EMA & SMA Indicators

200‑EMA on H4 providing key support — BTC recently bounced off and formed a bullish pin‑bar .

50‑day crosses 200‑day (“golden cross”) signaling bullish momentum, though danger of a "death cross" looms .

3. Momentum Metrics

RSI sitting neutral (≈48–42 on 4 hr), suggesting room for both sideways or upward move .

MACD & volume showing bullish beginnings — accumulation phase in progress .

---

🎯 Square Family Trade Setup: Long Play

1. Entry Zone:

Place entries near $104,000–$105,000, ideally after a confirmed bounce off support or 200‑EMA on H4.

2. Take‑Profit Targets:

TP1: $108,000–$110,000 (first resistance cluster)

TP2: $112,000+ (all‑time high zone)

TP3: $120,000+ (if momentum maintains) .

3. Stop‑Loss:

Just below support or EMA, around $102,000, to manage downside risk.

4. Risk Management Tips:

Use partial take‑profits to lock in gains.

Avoid all‑in positioning — scale into entries.

Monitor macro headlines and ETF flows — they can shift sentiment fast.

Keep an eye out for “death cross” signals but don’t trade them in isolation.

---

🧠 Trading Tips from the Square Crew

Multi‑Timeframe Confirmation: Check H1/H4/D1 candles, EMA holds, and volume levels.

Disciplined Approach: Wait for confirmed candle closes above support/resistance .

Use Stop‑Loss & TP: Always have them — no emotional trading.

Stay Community‑Smart: Share setups, ask questions, support others — true to “Square Family” ethos .

---

🧭 What’s Next? Key Scenarios 📈

Bullish Path: Bounce holds above $105K – $107K, pushes toward $112K–$120K with sustained volume.

Sideways Action: Consolidation between $102K–$108K — ideal accumulation phase.

Bearish Risk: A break below $102K–$104K may lead to a retest of $100K or lower, but current sentiment leans bullish .

---

❤️ Final Take

Bitcoin is showing a friendly bounce off a healthy support zone. The Square Family long strategy is clear: enter near $104K–$105K, trail with tight SL, and ride toward $108K–$120K. Keep it cool, stay engaged, and let's trade smart, together!

---

Disclaimer: For educational purposes only — not financial advice. Trade responsibly, stick to Binance Square guidelines, and always flex that risk management muscle!