🚨 BTC/USDT Market Update – Can Bitcoin Break Out of Its Range?

Bitcoin (BTC/USDT) is currently trading around $104,776, showing minimal movement over the last 24 hours with an intraday range of $103,795 – $105,232. While price action remains sideways, the market is watching closely for a breakout from this tightening range.

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🔍 Key Levels:

Support: $104,141 → $103,000 → $101,000

Resistance: $105,600 → $108,000 → $110,000

Pivot Zone: $106,231 – a crucial intraday balance point

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📈 Scenarios to Watch:

✅ Bullish Breakout:

A clean move above $105,600–$108,000 could open the doors toward $110K, with possible extension to $115K+ if volume supports the run.

⚠️ Bearish Breakdown:

Failure to hold above $104,141 could lead to a drop toward $103K, and possibly $101K. Watch for high-sell volume confirmation.

🔄 Range-Bound Scenario:

As long as BTC stays between $100K–$110K, consolidation remains likely. Intraday scalping opportunities exist near pivot points and volume spikes.

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📊 Strategy Tips:

For Longs: Enter above $108K with strong volume and momentum confirmation.

For Shorts: Breakdown below $104K can be a play toward $101K support, using stops above recent highs.

For Range Traders: Buy near $103K, sell near $108K while using tight risk controls.

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🌐 Market Sentiment:

FOMC Meeting Watch: Traders are cautious ahead of macroeconomic news that could shake the crypto markets.

ETF Flows & Institutional Demand: Still a key factor supporting long-term bullish structure.

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📌 Bitcoin remains locked in a wide $100K–$110K range. A breakout or breakdown from this zone will likely determine the next big trend direction. Stay sharp, watch key levels, and trade the confirmation — not the noise.

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