$BTC /USDT โ Bitcoin Coiling for a Breakout ๐ต
$BTC is consolidating tightly at $108,680.63 (+0.18%), with price pinned between EMAs and showing signs of institutional defense. Itโs sitting near the 24H high of $109,216. Light volume, but compression looks ready to snap.
๐ Long Setup:
Entry: $108,700 โ $108,800
TP1: $109,216
TP2: $109,305
SL: $108,500
๐ Short Setup (if $108,126 fails):
Entry: Below $108,126 (with high volume)
TP: $107,733
SL: $108,400
Why Iโm In:
Bitcoinโs stuck in one of the tightest 14-day Bollinger Band ranges in 18 months. This kind of coil often leads to a sharp move. With CME gaps and ETF flow shifts in play, Iโm positioning early for a breakout.$BTC