The king has taken a breather, but the bulls are not giving up. Bitcoin has just bounced perfectly off a major support level, presenting a prime entry point for savvy traders who are ready to act.
This isn't a random bounce; it's a powerful defense by the bulls.
Trade here $BTC
📊 The Bullish Case (Why Buy BTC Now?)
🔹 Major Support Held Firm: The price hit the critical $107,300 support floor and bounced hard. The long wick on the bounce candle shows that buyers stepped in with immense force, instantly rejecting lower prices.
🔹 Context is Bullish: This dip is a healthy correction after a massive rally from the lows. The overall momentum is still strongly bullish, and this is a classic "buy the dip" scenario.
🔹 First Sign of Reversal: This powerful bounce is the first clear signal that the correction is ending and the uptrend is ready to resume.
🔹 Phenomenal Risk/Reward: Entering here offers an incredible risk-to-reward setup. You can place a tight stop-loss just below the recent low while targeting a significant move back to the recent highs.
Trade here $BTC
📈 The Trade Recommendation:
This is a classic "buy the dip" at a key technical support level.
✅ BUY: In the current zone of $107,700 – $107,800
🎯 TP1: $109,000
🎯 TP2: $110,500 (Retest of the major high)
🛑 SL: $107,150 (A tight stop just below the bounce low)
Trade here $BTC
🔥 The Bottom Line: When Bitcoin holds a key level like this after a pullback, it's a powerful signal. Don't be the one watching from the sidelines when the next leg up begins.
👇 Are you buying this Bitcoin support level? Let me know! 👇
❤️ Like if you're bullish on the King, and follow for more high-probability setups!