✨🔄 $BTC /USDT at Critical Support: Bounce or Breakdown?
BTC/USDT hovers at $107,999 (-0.16%), testing crucial support. The tight trading range ($107,800-$108,268) suggests impending volatility.
Key Levels:
Resistance: $108,268 (24h high), $108,420 (stronger ceiling)
Support: $107,800 (24h low), $107,756 (critical floor)
Trading Outlook:
1. Potential bounce if $107,800 holds with rising volume
2. Safe entry near support with stop-loss below $107,750
3. First target $108,268 (0.25% gain)
4. Stronger breakout target $108,420 (0.39%)
Risk Factors:
- Breakdown below $107,756 may trigger sell-off
- Volume below 5-day average shows weak momentum
- RSI data unavailable (monitor for confirmation)
Current price action suggests cautious approach. Wait for confirmation candle before entering.