$BTC SHARP PULLBACK – WILL THE KING RECLAIM $110K NEXT?
$BTC /USDT dropped from a peak of $111,980 to a low of $106,800, pulling back over 4.6% after a strong rally. Currently holding around $107,868, Bitcoin is attempting to stabilize on the 4H chart. If bulls defend the $106.8K zone and reclaim $108.5K, a fresh bounce could ignite.
Here’s the short-term bounce trade setup:
Entry Zone (upon reclaim): $108,200 – $108,800
TP1: $110,300
TP2: $111,980
Final Target: $113,600
Stop-Loss: Below $106,000
Watch for a strong candle close above $108.5K—this would hint at buyer strength returning.
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