$BTC /USDT – Bulls Regain Control! Eyes on $110K Breakout Zone!
Current Price: $109,769.92 (+2.12%)
#Bitcoin is charging up again – but will it explode past resistance or fade out? Let’s break it down.
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Key Trading Data:
24h High: $110,228.11
24h Low: $106,600.64
24h Volume: 17,386 $BTC (~$1.89B USDT)
MACD Momentum: Positive crossover building (MACD: +17.55 | DIF: 470.23 | DEA: 452.68)
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Trade Scenarios:
Bullish Breakout Setup
Entry Zone: $110,200 – $110,500 (on breakout confirmation)
Target 1: $112,000
Target 2: $114,500
Stop Loss: $108,500
Reasoning: MACD showing growing bullish divergence + strong recovery from $106.6K low.
Bearish Rejection Setup
Entry Zone: $109,700 – $110,200 (if rejection seen with wick/spike)
Target 1: $108,000
Target 2: $106,600
Stop Loss: $110,800
Reasoning: $110K acting as a psychological barrier; any weakness could trigger a pullback.
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Market Insights:
Bitcoin is testing the $110K psychological resistance with increasing volume and a MACD bullish crossover. A confirmed candle close above this range could trigger a fast rally. However, if rejected again, a retest of $108K is on the table.
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Pro Tip:
Set alerts above $110.2K and below $108.5K. Don’t jump early—wait for volume confirmation and strong close above resistance or rejection wicks for entries. Use 1H & 4H timeframes for accuracy.
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