Here’s a refined, actionable trade setup based on today’s $BTC /USDT price action (~ $104,613) and recent technical analysis:
🔍 Key Levels & Market Context
Support Zones:
**$103,300 – $102,600**: Short-term support; break below may lead to a further dip toward $101,000–$100,500 .
**$100,000**: Major psychological support; held during recent pullbacks .
Resistance Areas:
**$105,000–$106,000**: Short-term resistance; rejection recorded in recent candles .
**$108,000–$110,000**: Major supply zone; price failed to sustain above .
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📈 Trade Setups
1. Aggressive Long (Bounce Play)
Entry: $103,800–$104,000 (near support & recent liquidity sweep area) .
Stop-Loss: Below $103,300.
Targets:
**$105,000** (1:1 risk-to-reward)
**$106,000** (1.5R)
Rationale: A bounce off the support zone with small timeframe confirmation (e.g. bullish engulfing) could spark a rally, with overhead resistance levels now acting as profit zones.
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2. Momentum Short (Breakdown Play)
Trigger: Price closes below $103,300 with volume.
Entry: Upon confirmed breakdown (~$103,200).
Stop-Loss: Above $103,800.
Target: $101,000, with secondary target around $100,500 (psychological level).
Rationale: Technical breakdowns from support often lead to swift follow-through; holds risk–reward since next strong support lies near $100K.
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3. Range Trade
Buy Zone: $103,300–$103,400
Sell Zone: $105,000–$105,500
Stop-Loss: Narrow, ~$103,200 (for longs), or ~$105,600 (for shorts).
Take-Profit: Just inside the range (~$105,000 or ~$103,500 for shorts).
Rationale: Price has been range-bound between ~$103k and ~$106k–$108k. A disciplined range strategy with tight risk management could yield consistent small wins .