#DayTradingStrategy ๐จ BTC/USDT Urgent Market Update โ Will $107.4K Hold or Break? ๐ฅ
๐ 2H Chart Overview
Current Price: $108,000 ๐ป (-1.03%)
24h High: $109,201 ๐
24h Low: $107,429 ๐
RSI (6): 40.92 โ Bearish to neutral
Volume: Heavy on red candles, slight pickup with new green candle
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๐ Bearish Indicators
โ Strong rejection at upper Bollinger Band ($109.7K)
๐ป Price forming lower highs and lower lows โ clear short-term downtrend
๐ Trading below mid-Bollinger Band ($108.58K), testing lower band
๐ RSI below 50 confirms ongoing bearish momentum
โ Bullish Signals (Relief Rally Brewing?)
๐ข Sharp buying wick off the $107,429 support
๐ RSI rebounding from oversold levels (40.92)
๐ช Potential double bottom pattern near $107.4K โ key level to watch
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๐ฎ Next Move Scenarios
1๏ธโฃ If $107,429 Support Holds:
Bounce toward $108,580 (middle Bollinger Band)
Break above could retest $109,200
Watch for signs of a short-term bullish reversal
2๏ธโฃ If $107,429 Breaks:
Immediate support at $107,086
Stronger demand zone between $106,500โ$106,800
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๐ฏ Trading Plan
๐ข Long Setup
Entry: Above $108,000 with strong volume
Target: $108,580 โ $109,200
Stop Loss: Below $107,400
๐ด Short Setup
Entry: Break and close below $107,400
Target: $106,800
Stop Loss: Above $108,000
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๐ Final Takeaway:
BTC is at a key inflection point. A bounce or breakdown from $107.4K will likely set the tone for the next 2โ6 hours. While momentum remains tilted bearish, a confirmed reversal could shift the short-term outlook fast. Stay alert!
