đš$BTC Bitcoin on the Brink â Buy the Dip or Brace for a Slide? âïžđ°
BTC is pulling back after its latest rally, now testing key support zones. Is this the perfect dip to ride it back to $110Kâor the start of a deeper correction?
đ Market Overview:
Price: $106,906.54 (-1.02% today)
Trend: â ïž Short-term Bearish, đ„ Long-term Bullish
Key Levels:
Support: $106,777 (24h low) â $105,444 (MA99)
Resistance: $107,741 (MA7) â $108,789 (24h high)
Volume: $1.02B USDT (Strong liquidity = serious action)
â BUY Signal (If support holds):
Entry Zones:
Aggressive: $106,777 (bounce from 24h low)
Conservative: $105,444 (tested MA99 support)
Targets: $107,741 â $108,789 â $110K+
Stop-Loss: $105,000
â SELL Signal (If breakdown continues):
Trigger Entry: Below $106,777
Targets: $105,444 â $103,102
Stop-Loss: $107,500
đ Key Technical Insights:
1. Momentum Still Intact (Long-Term):
MA99 holding = uptrend structure still valid
+75% YTD gain = bulls in control longer-term
Volume confirms market interest
2. Short-Term Headwinds:
Price under MA7 & MA25 = pressure from above
Needs breakout above $107,741 for recovery signal
3. Trading Strategy:
Swing Traders: Accumulate on dips near MA99
Scalpers: Ride $106,777â$107,741 range for quick plays
đ Final Verdict:
Trading-Friendly? â (Well-defined range + high volume)
Safe for Spot? â (Still a macro uptrend)
Best Use: Dip buying, short-term scalps, futures positioning
đą âBuy dips to $106,777â$105,444, target $108K+. Sell only if $106,777 failsânext stop: $105K.â
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