$BTC /USDT DEFENDS $106.6K ZONE — CAN THE BULLS STAGE A COMEBACK?
$BTC dropped to a low of $106,600 before bouncing to $107,156 on the 1-hour chart. After a steady downtrend, buyers are trying to absorb sell pressure near support. A close above $107.6K would signal momentum shifting back to bulls.
Trade Setup:
Entry (Long): 106,800 - 107,200
Take Profit (TP): 108,400 / 109,000
Stop Loss (SL): 106,000
Market Outlook:
Price is holding just above key support with potential for a short-term reversal. However, volume needs to increase above $107.8K to validate further upside. Cautious optimism until a higher high is confirmed.
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