$BTC /USDT – Range-Bound but Primed for Breakout!
Momentum Analysis:
Bitcoin is currently consolidating within a narrow band between $106,356 and $107,735, showing a slight bearish tilt (-0.27%). Despite lower volatility, the high 24h volume ($1.22B USDT, 11,401 BTC) suggests that a breakout could be imminent—watch for direction confirmation.
🔵 Long Setup
Entry Zone: $106,800 – $107,100
Targets:
T1: $108,000
T2: $109,300
T3: $110,750
Stop Loss: $105,900
📈 Breakout Confirmation Level: $107,800
🔻 Key Support: $106,000
💡 Pro Tip for Traders:
Stay alert for fakeouts near $107,800 resistance—volume confirmation is crucial. If BTC reclaims this level with strong depth above $107.5k, it may trigger a fast move up.