$BTC USDT – BOUNCE FROM SUPPORT OR DEAD CAT? LONG TRADE WATCH!
BULLISH REJECTION FROM 200 EMA
HEAVY WICK SHOWS BUYER ABSORPTION
After a sharp drop from $110,273, $BTC USDT wicked into the 200 EMA (purple) around $108,600 and quickly bounced back above $109K. The strong lower wick on the 15m chart signals demand returning at key dynamic support.
With the 99 MA ($109,054) now acting as intraday support and price reclaiming it, bulls may attempt a fresh leg higher if momentum holds.
Long Trade Setup
Entry: $109,200
Targets: $109,650 / $110,200
Stop Loss: $108,550
A clear breakout above $109,650 could confirm the bounce. Caution below $108,600.