🟢 Current Price: $106,004.59 (+1.05%)
📈 Momentum: Strong bullish breakout followed by minor consolidation
🔍 Analysis Highlights:
Parabolic SAR (0.02, 0.2) flipped bullish and is currently trailing the price at $105,904.48, indicating continued short-term upward momentum.
A strong upward breakout occurred from $104,238.02, hitting a local high of $106,524.65 before encountering resistance.
Recent candles show healthy consolidation, suggesting a potential setup for the next move.
🎯 Key Price Targets to Watch:
1. Target 1: $106,135.92
➤ Minor resistance level. A clean break above this zone may invite more buyers.
2. Target 2: $106,524.65 (24h High)
➤ Previous intraday high. Breaking this could trigger bullish continuation and FOMO buying.
3. Target 3: $106,638.99
➤ Fibonacci extension / psychological resistance zone. A breakout here could initiate a push toward $107K+ territory.
📉 Risk Level:
Caution is advised as BTC recently tested its 24h high. Use tight stop-loss strategies if trading lower timeframes.
📌 Indicators Summary:
✅ SAR: Bullish
✅ Volume: Rising with breakout
🔄 Watch for trend continuation or false breakout traps.
Stay alert, set your levels, and trade smart! 🔥
#Binance #BTCUSDT #CryptoTrading #TechnicalAnalysis #Bitcoin #Altcoins
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