🚨 $BTC /USDT – Eyeing a Break Above $107K or Due for a Cooldown? 🔥
$BTC is trading at $106,924.06, gaining +1.26% in the last 24 hours. With key resistance at $107,320 and solid support building, is Bitcoin ready for a breakout or facing a short-term rejection?
📊 Market Overview
📍 Current Price: $106,924.06 (+1.26%)
📈 24h High: $107,320.00
❄️ 24h Low: $104,184.72
💰 24h Volume (BTC): 20,580.02
💵 24h Volume (USDT): $2.18B
📊 Key Moving Averages
MA(5): 539.77 (Volume)
MA(10): 840.51 (Volume)
MA(7): $106,784.58
MA(25): $105,894.85
MA(99): $104,479.51
📉 MACD Momentum (Implied by trend):
Bullish structure with rising price action
Volume increasing slightly = growing trader interest
Support rising consistently across time frames
📍 Parabolic SAR: (Estimated to support uptrend given price behavior)
📈 BTC Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If BTC Holds Above $106,500):
Entry: Above $107,000
Targets: $108,000, $110,000, $112,500
Stop-Loss: $105,000
🔹 Bearish Scenario (If BTC Breaks Below $105,000):
Entry: Below $105,000
Targets: $103,700, $102,300, $101,000
Stop-Loss: $107,000
🔍 Should You Hold or Sell?
✅ BTC is trading above MA(7), MA(25), and MA(99) = Strong uptrend confirmed
✅ Rising volume and consistent higher lows support bullish momentum
✅ A clean break above $107,320 may trigger an explosive move toward $110K+
⚠️ Weak breakout or sudden rejection near $107K could lead to fast drop to $103K
💡 Pro Tip:
🚀 Watch for a 1D candle close above $107,500 with strong volume for confirmation of a breakout!
⚠️ Failure to hold $105K = potential drop to the $101K–$102K range
📢 What’s your Bitcoin game plan? Riding the wave or locking in gains? Comment below!
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