$BTC 🔎 Market Overview

• Current Price: 109,487 USDT

• 24h High / Low: 111,729 – 108,620

• Price Action: Recent bounce from 108,620 support with strong recovery candles.

• Trend: Short-term consolidation after a dip. Buyers showing strength.

📊 Key Technical Points

1. Support Zone: 108,600 – 109,000 (recent low and strong wick rejection).

2. Resistance Levels:

• Minor: 109,744

• Strong: 110,200 – 110,500

3. Indicators (from chart options):

• RSI likely recovering from oversold → bullish momentum.

• MACD may be turning up (momentum shift).

4. Order Book: Bid side stronger (71.62% buyers vs 28.38% sellers), suggesting bullish pressure.

📈 Long Trade Plan (Scalp / Short-Term)

• Entry Zone: 109,200 – 109,500

• Target 1: 109,900

• Target 2: 110,300

• Target 3 (extended): 110,700+

• Stop-Loss: Below 108,600 (recent swing low)

⚠️ Risk Management

• If BTC breaks 108,600, long setup becomes invalid.

• Use 2–3% max capital risk per trade.

• Expect volatility near resistance zones.

✅ Bias: Bullish (long) as long as BTC stays above 108,600.

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