BTC/USDT Stabilizes After Dip – Is the Bounce Real?
📊 Technical & Fundamental Analysis – 1H Chart
🧠 Fundamental Overview:
🔄 Bitcoin is in a consolidation phase after a recent dip triggered by stronger-than-expected US jobs data.
🏦 Market participants are waiting for clear signals on potential Fed rate cuts.
🐋 Whales and institutions appear to be accumulating within the $106K–$108K range.
📉 Technical Analysis (1H):
Support & Resistance:
🔻 Strong Support: $107,200 (recent local bottom)
🔼 Immediate Resistance: $108,480 – critical short-term barrier
🚩Next Key Resistance: $109,203 – $110,484 (previous rejection zone)
RSI Indicator:
RSI is currently at 56.7, signaling a neutral-to-bullish momentum. There's still room to move upward before becoming overbought.
Price Structure:
Forming higher lows from $107.2, suggesting potential bullish reversal if $108.5 is broken.
Price action showing sideways range with a slight bullish bias.
Volume:
Stable, but not yet showing signs of explosive breakout.
🎯 Trade Setup & Probabilities:
Strategy Entry Target Stop Loss Probability
Breakout Buy Above $108.5 $109.2 – $110.4 $107.9 🟢 65%
Short Rejection $108.4 – $108.5 $107.5 $109.2 🔴 35%
📌 Best to wait for a confirmed breakout above $108.5 with strong volume before entering long. Avoid chasing mid-range moves.
📌 Summary:
Bitcoin is currently testing key resistance at $108.5 after recovering from recent lows. A clean breakout may push price toward $110K, but failure to break could keep BTC in a tight $107K–$108K range.
#BTC #Bitcoin #CryptoAnalysis #BinanceSquare #CryptoNews #PriceAction #Scalping
$BTC $BTCUSDT #BitcoinUpdate #TechnicalOutlook #RSI #DayTrading