$BTC /USDT Trading Signal - Bulls Fighting Back!
The BTC/USDT pair has seen significant volatility, bouncing back from $99,550.00 to reclaim the $105,000.00 mark. This price action indicates the potential for a trend reversal or consolidation around this key level.
Entry Range: $104,500.00 - $105,500.00
Target 1: $107,500.00
Target 2: $110,000.00
Stop Loss: $102,500.00
Market Highlights:
Rebound from $99,550.00 indicates strong buyer interest at lower levels.
Resistance looms at $109,588.00, while support solidifies near $103,000.00.
The market appears poised for a potential breakout above $105,673.18.
Key Levels to Watch:
Resistance: $106,866.08, $109,588.00
Support: $103,464.82, $100,119.04
Analysis: With Bitcoin hovering near $105,000.00, a successful breakout above $105,673.18 could drive prices toward $110,000.00. However, rejection at resistance might lead to a pullback to $103,000.00.
Pro Tip: Monitor volume spikes during the breakout attempt. Enter trades near support zones to minimize risk while targeting resistance levels.