🧠 $BTC at $108,771 – Tight Range or the Calm Before a Pop? 🎯
$BTC /USDT is trading at $108,771, up +0.65%, consolidating in a tight range after bouncing from $105,000 and rejecting just below the $110,500 mark.
The structure on the 4H chart shows a mini double-top formation around $110,484, followed by a healthy retracement and re-test of the 108k support zone. Price is holding above the MA(25) and MA(99), indicating continued bullish structure — but volume remains weak, suggesting caution.
If BTC can reclaim $109,550+ with conviction, it will likely retest $110,500, with $112,000–$113,500 as the next targets. But if it drops below $108,200, bears could drag it back to $107,000–$105,900.
📊 BTC Key Technical Levels:
Current Price: $108,771
Resistance Levels: $109,550 → $110,500
Breakout Trigger: $110,700+
Bullish Targets: $112,000 → $113,500
Support Range: $108,200 → $107,000
Critical Support: $105,000
Short-term SL Zone: Below $107,000
🔍 Trader’s Insight:
BTC is currently in a decision zone —
Bulls need volume and breakout candles above $109,500
Bears are lurking below $108,000
This chop is ideal for scalpers or breakout traders, but not for aggressive entries without confirmation
Momentum is neutral to mildly bullish — but all eyes are on whether BTC can flip $110K into solid support.
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