Daily Bitcoin Summary
Current Price: ~$105.4 K
Today's Range: $104.4 K – $106.0 K
Support Maintained: $104 K – $105 K range—acted as a strong bounce zone
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📈 Bullish Thesis
Quick Recovery: Bitcoin quickly rebounded from the drop below $104K, showing robust buying activity
Pivot Range: $104K–$105K remains a key level; staying above maintains bullish momentum
Institutional Support: Ongoing ETF inflows and the macro narrative supporting a move towards $120K+ remain in play
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⚠️ Bearish Risk
Resistance Block: Breaking and holding above $106K will confirm continuation; failure may see a rejection back to $104K
Macro Headwinds: Rising geopolitical tensions or macroeconomic instability could trigger another drop.
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🎯 Today's Outlook
Bullish Setup: Trade with a continuation bias while BTC remains above $104K–$105K, with targets:
Short Term: $106K → $108K
Medium Term: $110K → $112K
Drop Trigger: If BTC decisively loses $104K, look for a drop towards the $100K–$102K zone.
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🧠 Trading Checklist
🎯 Bullish Edge: Price > $105K + volume support = buying bias
📉 Caution Zone: Rejection at resistance or breakout failure = pause or neutral trend
🛡️ Risk Control: Tight stops near $104K for long positions, or watch stops below if shorting