š $BTC /USDT Trading Signal ā Testing Resistance at $105,000
Current Price: $104,904.18 (+1.43%)
Bitcoin is trading near its 24H High of $105,706.48 after rebounding from a 24H Low of $103,226.84. With strong upward momentum and all EMAs aligned bullishly, traders are eyeing the critical $105,000 resistance level for potential breakout or retracement opportunities.
š Short Entry Signal:
If the price fails to hold above $104,700, a short trade could be an opportunity.
Entry Range: $104,500 - $104,700
Target 1: $103,500
Target 2: $102,800
Stop Loss: $105,200
š Long Entry Signal:
If the price breaks and sustains above $105,800, look for bullish continuation.
Entry Range: $105,800 - $106,200
Target 1: $107,500
Target 2: $109,000
Stop Loss: $104,500
š Market Observations:
$BTC is trading above its EMAs (EMA(7): $104,929.81, EMA(25): $104,625.74, EMA(99): $102,298.31), indicating strong bullish sentiment.
Resistance at $105,700 is the key hurdle for the bulls to surpass.
Immediate support lies at $104,500, with further downside likely to test $103,500 if breached.
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