๐จ $BTC
/USDT โ Pullback or Prepping for Another Leg Up? ๐
After hitting a high of $108,952.38, Bitcoin is showing signs of fatigue, now trading at $106,758.53 (โ0.33%). Is this just a healthy dip or a deeper correction? Letโs break down the setup. ๐
๐ Market Overview
๐ Current Price: $106,758.53
๐ 24h High: $108,952.38
โ๏ธ 24h Low: $106,115.35
๐ฆ 24h Volume (BTC): 15,187.98
๐ฐ 24h Volume (USDT): $1.63B
๐ Technical Snapshot:
EMA: Price slightly below short-term EMA โ caution warranted
Bollinger Bands: Tightening โ volatility expansion ahead
MACD: Neutral zone โ wait for signal confirmation
SAR: Trailing closely โ trend decision zone
๐ $BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If $btcHolds Above $106,500):
Entry: Above $107,000
Targets: $108,500, $110,000, $112,200
Stop-Loss: $105,800
๐น Bearish Scenario (If $btcBreaks Below $106,000):
Entry: Below $106,000
Targets: $104,500, $102,000, $100,000
Stop-Loss: $107,000
๐ BTC Market Sentiment
โ High volume supports strong liquidity โ buyers still active
โ Price hovering near key support zone at $106,000
โ ๏ธ Weak momentum and flat MACD โ need breakout confirmation
๐ก Pro Tip:
If $BTC fails to reclaim $107,000 with strong volume, expect a retest of the $105Kโ$104K range. Donโt front-run entries โ wait for confirmation.
๐ข Whatโs your game plan โ long, short, or sitting tight?
๐ฅ LIKE & SHARE this post to stay ahead of Bitcoinโs next move! ๐
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