📊 Market Pulse
Bitcoin's price remains steady above 105,000 USD, with its resilience today linked to investors awaiting inflation data and key interest rates in the United States.
Over the past week/month, Bitcoin has gained approximately 1.5%/2.9%, pushing its market value to 2.14 trillion USD with a daily trading volume of nearly 36 billion USD.
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⚙️ Technical setups from TradeCityPro
One-hour chart:
Bitcoin's price has recorded a low and is now pressing against the resistance area of 105,087.
Clear trigger levels are set daily (e.g.: 105,087 / 105,800 / 106,586). Often, breaking these levels leads to further rises.
Daily supply:
The price is confined within a range between support at around ~103 thousand and resistance at around ~108–110 thousand.
The recent movement above the level of 105,087 indicates that momentum is heading towards 108,000.
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🛠 Key levels and what this means
Zone status
🔵 Support at 103 thousand USD (historical demand), 105 thousand USD (25-day holding)
🔵 Resistance 106.7-107 thousand USD (short-term ceiling), 108 thousand-110 thousand USD (swing high area)
Breakout scenario: A sustained close above 106.7-108 thousand USD on strong volume could trigger a move towards 112 thousand USD or more, and even 120 thousand USD if the upward momentum continues.
Retracement risk: Failure here could lead Bitcoin's price back to the support level of 103 thousand to 105 thousand USD.
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🎯 Trading Plan for Binance Square Fam
Type of trading target/activated targets stop loss
Daily close above 108 thousand USD with trading volume 112 thousand USD → 120 thousand USD below 105 thousand USD
Buy the dips dip to 105 thousand - 106 thousand with a rebound to 108 thousand → 112 thousand below 104 thousand
Play range / short rejection signals near 108 thousand - 110 thousand retracement to 105 thousand - 103 thousand above 108.5 thousand
Momentum bias: Mixed signals leaning bullish as long as Bitcoin's price remains above 105 thousand USD.
Monitoring volume: Confirm breakout with strong trading volume.
Monitoring the macroeconomy: U.S. economic data may guide Bitcoin's next direction.
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🧭 TL;DR Summary
Bitcoin's price is stabilizing in the range of 105-108 thousand USD, awaiting a decisive breakout or retracement. Any movement above 108 thousand USD supported by high trading volume could push the price to over 112 thousand USD, with the potential for further gains. If resistance holds, a slight retracement towards 103 thousand USD is likely. For Binance Square traders: Determine your entry strategy - whether it relies on market direction, trading on retracements, or cautiously trading within a defined price range - and set your position sizes with clear stop orders.
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Trade smart, stay focused, and let’s approach this move with discipline! 🌟