$BTC ๐ BTC/USDT - Strong Bullish Reversal!
Bitcoin has bounced hard off the $102,600 support and is now showing strong upside momentum. Price has surged to $108,798, breaking above key moving averages with a powerful bullish candle. ๐ข
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๐ Technical Highlights:
โ Breakout Confirmation: Price has broken above MA(25) and MA(99), reclaiming key resistance
๐ MACD: Strong bullish crossover with a massive MACD reading of +420.76 = bullish momentum increasing
๐ผ MA(7) is curving up and crossing above other short-term MAs = short-term trend reversal
๐ Volume increasing on the move up = strong buyer interest
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๐ Key Levels to Watch:
Immediate Resistance: $110,500 (previous high)
Support Zone: $105,700 โ $106,000 (recent consolidation zone)
Major Support: $102,600 (recent swing low)
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๐ฏ Potential Setup:
If BTC holds above $107k, next target = $110k+
A healthy pullback to $106kโ$107k could offer buy opportunities
Watch for possible rejection near $110.5k resistance โ ๏ธ
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โ ๏ธ Reminder: Donโt chase pumps โ wait for pullbacks or confirmation candles ๐ง
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