Hey Binance fam! 👋
Bitcoin ($BTC ) is in a cooling phase after that aggressive dip from above $108K. Right now, price is hovering near $104,995, recovering slightly—but we’re seeing clear signs of indecision across the board. Here's what I’m tracking 👇
📊 Price Action Rundown
Current Price: ~$104,995
24H Range: $104,118 – $106,252
Volume: 13,510+ BTC traded (~$1.42B in USDT)
Momentum Check: Sideways grind, bulls holding $104K but lacking serious firepower.
🧠 Chart Breakdown – Bear Flag in Play?
We’re currently stuck in a tight channel between $104,500 and $106,000 on the 1-hour chart. This is forming a potential bear flag—a classic continuation setup following a drop. Volume is fading, which usually precedes a high-volatility breakout.
🔸 Rejected on attempts to reclaim above $106K
🔸 Bears showing up near resistance zones
🔸 Breakdown risks if $104K gives out
📈 My Trade Plan – Playing the Break
I’m prepping for either breakout scenario depending on where we close next. Here's my current setup:
🔼 Long Setup:
Entry: Above $106,200
TP1: $108,000
TP2: $110,000
SL: Below $104,800
🔽 Short Setup:
Entry: Below $104,000
TP1: $102,000
TP2: $100,000
SL: Above $105,400
📣 Quick Take
$BTC is sitting in a coiled-up range—low volatility, low volume, and tension building. A decisive break is likely on the way.
Watch these two key levels:
⚠️ $106,500 – Bullish confirmation if broken with strength
⚠️ $104,000 – Bearish trigger zone if sellers take control
👀 I’ll be watching closely for volume surges and hourly closes at these key zones. Once we get confirmation, expect the market to move quickly.
Stay sharp, manage risk, and don’t chase. Patience wins in chop zones.
#BTC #Bitcoin #CryptoMarket #BinanceSquare #VolatilityLoading #SidewaysGrind #TradeSmart