šØ $BTC /USDC Bounce or Bull Trap? Watch This Key Level
Bitcoin $BTC rebounded from a sharp dip to $107,279.48 and is now testing the MA(99) at $108,060.04 on the 1H chart. The price is currently caught between moving averages, showing early signs of a short-term recovery ā but resistance at $108,486.68 (MA25) could stall momentum.
š Trade Setup:
Entry: $108,000 ā $108,200
TP1: $108,560
TP2: $109,288
Stop Loss: $107,200
Watch closely ā if BTC breaks and holds above MA(25), we could see upside continuation. Otherwise, bulls might face rejection.