📈 Technical signals
Bitcoin is moving within a clear trading range between $103,000 - $106,000, with significant resistance near $108,000, which is the highest previous peak recorded in January.
After a 2.3% drop yesterday and testing the $103,000 level, the price quickly rebounded — a sign that buyers are still in the picture and ready to defend this level.
Main support: $100,000 - $103,000
Strong resistance: $106,000 - $108,000
A daily close above $108,000 with strong trading volume may open the door to test new highs and turn into a launch signal for a broader rise.
📰 News
1. ETF funds reduced some of their positions after the decline in the first quarter, but last week they saw positive inflows of $603 million - evidence that institutions haven't completely abandoned Bitcoin.
2. The GENIUS Act is about to come into effect, regulating stablecoins and ensuring liquid reserves, which gives greater confidence to traders and platforms.
3. JPMorgan's CEO, Jamie Dimon, despite his skepticism about Bitcoin, announced that he would add it to customer account statements, warning about the risks of stagflation.
4. Easing trade tensions between the U.S. and China, along with soft inflation data, drove the price today to $104,815 before the final close.
💡 My golden advice
If we see a daily close ≥$108k with clean trading volume, this is a long opportunity (Long) worth considering.
Hedge: If the weekly close in the coming weeks falls below $106k, it may revisit $103 or even $100 thousand before continuing to rise.
📊 Suggested trading plan
Upon retesting the support area of $103,000 - $104,000, with a clear reversal signal appearing (like an engulfing candle or a strong rebound with trading volume).
Targets:
First target: $106,000$BTC
Second target: $108,000$BTC
Stop-loss (SL):
A daily close below $100,000 or a clear break of this level with high trading volume.
Note:
It is not advisable to enter if the support of $100,000 is broken without strong rebound signals, as the decline may extend towards
And lower levels.
🛡️ Important reminder🛡️
Do not risk more than 2% of your balance on a single trade.
Set a stop-loss and do not deviate from it emotionally.
Set an exit plan in advance and stick to it.
🚦Notice🚦
This content reflects an artistic vision and personal analysis and should not be considered investment advice or a recommendation to buy/sell. Always conduct your own research and follow a clear trading plan with strict capital management.
And good luck to everyone 🚀🟢