Bitcoin (BTC) is trading at approximately $103,507, experiencing a slight decline of 0.02% from the previous close.
Recent market developments indicate a potential short-term correction, with over $827 million in liquidations following a drop below $104,000. Additionally, technical analyses suggest that Bitcoin is approaching key support levels, which could influence its next move.
📈 Take-Profit Levels
$105,000 – A potential short-term resistance level where profit-taking might occur.
$107,500 – If the bullish momentum resumes, this level could act as the next target.
$110,000 – A psychological level that could attract more buying interest.
📉 Stop-Loss Levels
$102,000 – A breach below this level may signal a deeper correction.
$100,000 – A critical support level; falling below could indicate a trend reversal.
$97,500 – A significant support zone; a drop here might lead to increased selling pressure.