$BTC To help you make a more informed decision for the next 8 hours, let's break it down using the available data from the 1D chart and short-term context:

🔍 Key Observations:

Current Price: 105,818.6 USDT

Last Candle (1D): Hammer-like with long lower wick → buying pressure from ~102,600

RSI (neutral at ~53-54): Not overbought or oversold → no strong momentum yet

Recent Structure:

Strong rebound from 100,308.9 → 108,000

Sharp rejection from ~108,000 → back to current 105,800

Volume still significant (7.15B USDT, 68K BTC) → Market is active

🔄 Short-Term Trade Strategy (Next 8 Hours):

Since we’re looking at an 8-hour window, you’re likely somewhere between swing and intraday trading. Here's how it looks:

✅ Long Position (High-Probability Setup):

Reason to go LONG (buy):

Strong bounce after dip, forming a potential bullish reversal candle

Price holding above key support zone (105k - 102.6k)

Momentum slowly turning upward

Next key resistance: ~108,000

Trade Idea:

Entry: Around 105,800 – 106,000

Take Profit (TP): 107,800 – 108,000

Stop Loss (SL): 104,800 or tighter if price weakens

❌ Short Position (Low-Probability Now):

Only short if:

Price fails 105,000 support convincingly

Market breaks down from doji with high volume

Short setup would only make sense below 104,800 on strong volume.

📈 Recommendation: Go Long (Buy) for the next 8 hours

Bias: Bullish (short-term recovery)

Trigger: Only hold long if price stays above 105,000 in the next 30–60 mins

Risk: Moderate (no strong trend, still indecision)