After a sharp decline to a level of $106,301, Bitcoin has shown interesting recovery signals, supported by stable trading volume and technical indicators suggesting the beginning of a bullish move in the short term.
🔍 Key technical points:
✅ Current price: $106,665
✅ Candles: Consecutive green on a 15-minute timeframe
✅ Nearest resistances:
EMA50 at $106,868
EMA99 at $107,113
✅ Indicators are giving initial positive signals:
RSI is trending upwards gradually (57.99)
MACD crossover is bullish with the beginning of positive movement
Stoch RSI in the overbought zone → slight correction likely before continuing the rise
🧭 Current recommendations:
📌 For traders (scalping):
Buy entry: between $106,500 – $106,600
First target: $106,900
Second target: $107,200
Stop loss: clear break below $106,200
📌 For short-term investors:
Waiting for a clear breakout above $106,870 (EMA50) with candle confirmation
If the breakout occurs, targets can be expanded towards 107,500+
⚠️ Quick warning:
Despite the bullish signals, the market is still moving within a narrow fluctuation channel, and any failure to break the resistance may bring the price back to the $106,300 area, so risk management remains a priority.
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