$BTC – Bullish Rejection at Support
Re-test of the Broken Candle
Bitcoin has bounced off the key support around $105,700 with a bullish engulfing candle, indicating strong buyer interest.
The price is now reclaiming the consolidation range between $106,200–$107,100.
A successful close above $107,100 may open the door for further upside.
Trading Setup
• Entry Point: $106,000 – $106,200
• Stop Loss: $105,265
• Take Profit:
1: $107,143
2: $107,978
Market Outlook:
Bitcoin is attempting a short-term reversal after a local bottom.
If momentum continues above $107,100, bulls may target $108K+. Watch the follow-through volume.
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