$BTC - Long Trading Signal: Looking for a rise above $106,000

Currently trading at $105,516 after bouncing from its daily low of $103,371.02.

With a steady upward recovery and strong buyer presence near the $104,000 area, Bitcoin is poised for a potential breakout towards $106,000.

The recent trading volume exceeding 16,000 Bitcoin and $1.70 billion in USDT indicates strong market participation.

If the upward movement maintains its momentum above the $105,000 level, we could see a move towards the resistance level of $106,200, with further upside to $107,000.

Entry Price: Approximately $105,500

Target 1: $106,200

Target 2: $107,000

Stop Loss: Below $103,300

Key Areas to Watch:

Support: $103,300 - Strong bounce area from previous sessions

Resistance: $106,200 - $107,000 area

Strategic Note:

Hold long positions above $105,000 as long as trading volume remains steady. A breakout above $106,200 could accelerate buying pressure.

Risk Advice:

Exit completely below $103,300 to manage losses.

Buy and trade here$BTC

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