$BTC / USDT – Holding Strong at Key Levels, Watching for Next Push
$BTC is currently trading around $103,960.09, showing resilience after testing the $103,000 mark. It's holding above this significant psychological level, and the recent high of $105,086.42 is the next key resistance to watch.
Trade Setup (Monitoring Support and Resistance):
Key Resistance: $105,000 - $105,500
Key Support: $103,000 - $103,500
Bullish Scenario:
Entry (Long): Break above $105,500 with strong volume
Target 1: $106,500
Target 2: $108,000+
Stop Loss (Long): Below $103,000
Bearish Scenario:
Entry (Short): Break below $103,000 with increasing volume
Target 1: $102,000
Target 2: $100,500
Stop Loss (Short): Above $104,000
Bitcoin's price action suggests a potential consolidation within this range. A decisive break above the resistance could fuel further bullish momentum, while a breakdown below support might lead to a deeper correction. Keep a close eye on volume and overall market sentiment.
