$BTC /USDT: Bullish Rebound Opportunity
Entry is suggested in the $105,500 to $105,800 zone, which represents a strong support area.
The trade targets are $106,800 as the immediate resistance, $107,200 for a potential breakout retest, and $107,800 to retest the 24-hour high.
The stop loss is placed at $105,300, just below the recent swing low.
This setup is considered bullish due to several key factors: BTC is testing a major support level around the $105,462 24-hour low, daily trading volume is strong at $1.1 billion indicating institutional interest, Proof-of-Work dominance is on the rise, and technical indicators show oversold conditions that may lead to a rebound.
The trade plan involves buying dips within the $105,500–$105,800 range, taking partial profits at $106,800 and $107,200, and allowing the remainder of the position to run towards $107,800 or higher using a trailing stop.
Key levels to watch are $105,500 as support, and resistance zones at $106,800 and $107,800.
Risk management is critical—traders are advised to limit exposure to 1% or less due to BTC’s high volatility.
Trade here 👉🏻 $BTC