$BTC /USDT is setting up for a potential bullish flag breakout, presenting an attractive dip-buying opportunity between $106,800 and $107,200. After a mild -0.40% pullback,
Bitcoin is consolidating near recent highs, suggesting strength and continuation potential.
The price structure remains bullish with higher lows intact, and a significant $1.03 billion in daily trading volume signals strong institutional interest.
If support at $106,800 holds, the first target is a retest of the 24H high at $107,800, followed by a potential breakout to $108,500, and ultimately aiming for $110,000, which marks the next major resistance level.
The recommended stop-loss is $106,300, placed just below the 24H low to manage risk effectively. With Proof-of-Work (PoW) dominance rising, this setup aligns with broader market strength.
The trade plan involves scaling in near support, booking partial profits at initial targets, and trailing remaining positions in case of extended upside.
Always apply proper risk management, especially on BTC keep risk under 1% per trade to preserve capital and maximize long-term success.
