$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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