🔥 $BTC /USDT – Bounce or Breakdown? Decision Time! 🔍
Current Price: $107,767.75 (‑1.46%)
#Bitcoin is hovering at the critical $107,400–$107,800 support zone after a swift pullback from the $109,700 area. A sharp lower wick signals that buyers are defending this region. If price reclaims $108,000 with strength, a recovery bounce could unfold fast. However, a clean breakdown below $107,400 might trigger more downside.
📊 Trade Setup:
• Entry Zone: $107,600 – $107,900
• 🎯 Target 1 (TP1): $108,500
• 🎯 Target 2 (TP2): $109,400 ✅
• 🛡 Stop Loss: $107,100
⚡ Technical View:
Early signs of a bounce from demand zone with decent rejection wick. Eyes on bullish follow-through above $108K for momentum confirmation.
🛡 Risk Note:
Break below $107,400 would invalidate the setup. Keep SL tight in case of further selloff.
🔄 Strategy Breakdown:
This setup targets a reactive bounce from a high-probability demand zone, with a clean entry and strong risk-reward ratio. Quick confirmation above local levels is key for momentum continuation.
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