🔥 BTC Alert 🚨 – Will $108K Hold or Break? Intraday Setup for Square Fam!
$BTC is coiling tightly between $107K–$108K, and the price action is screaming for a move—either a breakout or a rejection. Here’s your clean, data-backed scalp playbook. 🎯
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📊 Market Snapshot
• Bitcoin is consolidating in a tight 4H range near $107K–$108K.
• Forming a potential bull flag or distribution zone.
• Resistance: $108K–$109K (tested multiple times, not broken yet).
• Support: $106K, with a fair value gap between $103K–$104K.
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🔼 Bullish Breakout Plan
Trigger: Candle close (15m–1H) above $108,500 with solid volume.
Entry: On confirmation of breakout.
Stop-Loss: Below $106,900–$107,200
Targets:
• TP1: $109K–$110K
• TP2: $111K–$112K
Why it works:
EMA trends are bullish. A clean breakout could trigger a short squeeze toward higher resistance.
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🔽 Bearish Rejection Setup
Trigger: Bearish candlestick pattern near $108K (e.g., engulfing/pin bar) with fading volume.
Entry: On confirmation of resistance failure.
Stop-Loss: Above $108,300–$108,500
Targets:
• TP1: $106.5K–$106.9K
• TP2: $104K (gap fill)
• TP3: $103K–$103.5K (psychological level)
Why it works:
This zone has seen repeated rejections in the past. Rejection setups offer tight stop + fast downside—ideal for intraday scalps.
🛠️ Execution Tips
• 📉 Use both 15min and 1hr charts for precision entries.
• 🔊 Volume confirmation is a must for breakout or breakdown.
• 🧮 Risk only 1–2% per position.
• 🪙 Take partials, trail SL on remaining size.
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⚠️ Risk Notice
This is not financial advice—just structured trading insight.
Markets are fast. Stick to your plan, use stop-losses, and avoid emotional decisions. 💡
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💬 Final Word
BTC is playing tug-of-war at $108K. Break it, and we could be looking at $110K+. Fail again, and $104K might be next. Either way, it’s prime time for well-managed scalps.
📣 Let’s hear from the Square Fam:
Are you leaning long, short, or staying flat until confirmation?
Let’s trade smart together! 🙌
#BTC #Bitcoin #ScalpingStrategy #BinanceFutures #CryptoAnalysis #Write2Earn #BinanceSquare #CryptoTraders
