Pair: BTC/USDT
Trade Setup: LONG
Entry Price: $107,445.22
Targets:
๐ฏ TP1: $108,300
๐ฏ TP2: $109,800
๐ฏ TP3: $111,500
Stop Loss: $105,800
๐ Start Trading on Binance:
๐ Click Here to Trade BTC/USDT on Binance
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๐ Market Overview:
Bitcoin is once again proving its strength as it holds firm within a steady uptrend. The current 1-hour chart reflects a series of higher lows, indicating growing bullish sentiment. The price is comfortably supported by both the 25-period and 99-period moving averages, creating a solid technical foundation for upward momentum.
With positive price action and strong volume, BTC is showing clear signs of continuing its climb toward the next key resistance zones. This setup offers a promising long opportunity for traders keeping a close eye on the crypto market.
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๐ Technical Highlights:
The 25 and 99 MA lines are acting as dynamic support.
RSI remains in a healthy bullish zone, leaving room for further upside.
Breakout above the $108K mark may open the path toward the $111K psychological resistance level.
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๐ What Traders Should Watch:
Monitor the $105,800 level closely โ it serves as a strong invalidation zone for the long trade.
Volume confirmation is key. Look for surging buy volume as BTC nears $108K.
Any consolidation above $109K may be a signal for extended rally potential.
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๐ข Final Thoughts:
The market's sentiment around Bitcoin remains upbeat as the price approaches a major psychological milestone โ $110,000. If bullish pressure sustains, we may very well see BTC breach new highs in the short term.
#BTC110KToday? It's not just hype โ the charts are backing it.
๐ Ready to
enter the trade?
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