$BTC Price Prediction for the Next 24 Hours: Long or Short?

As of now, Bitcoin (BTC) is trading around $104,750, showing minor losses in the last 24 hours. The market remains mixed with slight bearish pressure. According to technical indicators from CoinLore, 6 indicators are showing “Buy”, while 7 suggest “Sell.” The key levels to watch are:

Resistance: $106,200

Support: $103,500

If BTC breaks and closes above $106,200, the next possible target lies near $108,000–$109,000. On the downside, if Bitcoin falls below $103,500, it may drop toward $102,000.

From a fundamental perspective, there's a significant development: Tether (USDT) minted $1 billion in new tokens, which often fuels bullish momentum in crypto markets. Additionally, whale inflows into Binance have slowed down, indicating holders might be expecting upside and avoiding early selling.

Binance’s short-term outlook projects a potential 5% rise, meaning Bitcoin could touch $104,985–$105,500 within the next 24 hours — assuming market sentiment holds or improves.

🔍 Summary:

Bias: Slightly Bullish

If BTC closes above $106,200 → Consider Long (Buy), with targets around $108,000–$109,000

If BTC closes below $103,500 → Consider Short (Sell), with targets around $102,000

🎯 Suggested Setup:

Long Entry: Above $106,200

Target: $108,000

Stop-loss: $105,000

Short Entry: Below $103,500

Target: $102,000

Stop-loss: $104,500

Note: Crypto markets are highly volatile — always use risk management and never invest more than you can afford to lose. #PowellRemarks #CryptoStocks