$BTC
USDT – BREAKOUT OR BULL TRAP? MARKET AT A PIVOTAL ZONE!
KEY RESISTANCE REJECTED. STRONG BOUNCE FROM LOCAL LOWS.
Bitcoin surged from $105,100 to $107,860 but is now showing signs of exhaustion near resistance. The 1H chart reveals a sharp rally followed by a bearish rejection wick — suggesting profit-taking and potential short-term pullback.
LONG TRADE SETUP:
Entry: $107,000 (on retest confirmation)
Target 1: $107,998
Target 2: $109,200
Stop Loss: $106,100
Momentum is bullish but faces resistance near $108K. A clean break above $108K could ignite the next leg up.
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