Bitcoin's comeback? Key rebound point for bulls at 107K!
Just now, Bitcoin $BTC precisely hit the key support area of 107,700 USD, experiencing a 'fake drop' to test the bottom—this dip didn't break through, instead attracting bottom-fishing funds, showing strong resilience at the bottom, and the bulls are organizing a counterattack.
The chart structure has already shown signs of strength:
The lower shadow has penetrated the demand zone, a typical low-buying behavior is emerging.
As long as the bulls reclaim 108K, the structure could turn bullish in the short term, or even brew a reversal for takeoff.
Bullish trading thoughts:
Entry range: 107,600 – 107,800
Take profit 1: 108,800
Take profit 2: 109,366
Stop loss: 106,985
Technical signal observation focus:
Whether trading volume increases
Whether a bullish engulfing candle appears
This move is not about impulsively going all-in, but a combination of 'buying low + confirmation'—
Once it stabilizes above 108K, Bitcoin may not rule out a renewed challenge at the 110K mark in the short term.
The key now is: Can this bullish pin ignite the reversal powder keg?
Do you think the bulls can hold their ground and successfully counterattack?
Comment section open—bring it on
