Bitcoin (BTC) is currently trading at around $105,986, with a decline of 1.58% today. The highest point during the day was $108,865, while the lowest was $105,719.
🔍 Key Liquidity Areas:
Recent analyses indicate significant liquidity levels at $105,800, $114,000, and $100,000. These areas are critical as they represent zones with high order flow, which could lead to increased volatility and trading opportunities.
📈 Technical Outlook:
Support Levels: $105,000 – $106,000
Resistance Levels: $108,000 – $109,000
Traders should closely monitor these levels, as breakouts may indicate shifts in market sentiment and potential price movements.
🛠️ Trading Strategy:
Entry Point: Consider entering positions near the support level of $105,800 if bullish signals appear.
Stop Loss: Set a stop loss below $105,000 to manage potential downside risks.
Take Profit: Target the resistance area of $114,000 for potential profits.
*Alert: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*