$BTC at the key reversal zone – Caution or Opportunity?
BTCUSDT
Perpetual
105,895
+1.04%
BTC/USDT is currently fluctuating around $105,925 after a sharp upward movement from the $103,900 range, with resistance forming around $106,500. The price is now consolidating in a narrow range, and the setup suggests a potential correction if the bulls do not break above $106,500 with high volume. A short-term correction to $104,650 is possible before the next directional move.
Trading setup (SHORT):
Entry: $105,920 – $106,000
TP: $104,650
SL: $106,515