Bitcoin hovers near $108K as bulls and bears clash for control.
📈 Market Insight:
After reaching a recent peak around $112.7K, Bitcoin retraced sharply to $107.4K before finding stability. Despite the -4.09% dip, buyers continue to defend the key $108K support zone. A confirmed breakout above $110K could reignite bullish momentum toward new highs.
🎯 Trade Setup:
🟢 Entry Zone: $107,000 – $108,000
🎯 Targets:
Target 1: $110,000
Target 2: $111,500
Target 3: $113,000
🛑 Stop Loss: $106,000
📊 Key Levels:
Support: $107,000 / $106,000
Resistance: $110,000 / $112,700
Pivot: $108,800
💡 Pro Tip:
BTC’s macro trend remains bullish, but short-term swings create top-tier trading setups. A 4H close above $110K may confirm a rebound, while a break below $107K could open the door to a deeper correction. Smart traders will watch this zone for swing entries with tight risk management.
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