๐จ $BTC
/USDT โ Retracement or Reload? Price Dips -1.45% Amid High Volume! โ ๏ธ
Bitcoin ($BTC) is cooling off after tagging a 24h high of $109,767.59, now pulling back to $108,029. Is this just profit-takingโor are sellers gaining control? Letโs decode the trend ๐
๐ Market Overview
๐ Current Price: $108,029
๐ 24h High: $109,767.59
โ๏ธ 24h Low: $107,245.00
๐ 24h Volume (BTC): 11,773.61
๐ต 24h Volume (USDT): $1.27B
โก๏ธ Volatility: Elevated with strong activity in key zones
๐ Technical Snapshot:
Parabolic SAR: Near $107,400 (Potential flip zone)
MACD: Weakening crossover forming โ possible bearish bias
Bollinger Bands: Price testing mid-band โ consolidation likely
๐ $BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds Above $107,500):
Entry: Above $108,300
Targets: $109,800, $111,200, $113,000+
Stop-Loss: $107,200
๐น Bearish Scenario (If BTC Breaks Below $107,200):
Entry: Below $107,200
Targets: $106,000, $104,800, $102,500
Stop-Loss: $108,500
๐ Bitcoin Market Insights
โ Still in macro uptrend, but facing short-term exhaustion
โ Volume spike suggests whales may be repositioning
โ ๏ธ A daily close below $107,200 could trigger sharper downside
๐ก Pro Tip:
Watch the $108,000 zone closely โ itโs acting as a short-term pivot. A bounce from here with volume confirmation could offer a quick scalp toward $110K.
๐ข Whatโs your moveโBuy the Dip or Wait for $106K? Let us know!
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