$BTC
/USDT BULLISH BREAKOUT IMMINENT ABOVE $104K – BUYERS GAINING MOMENTUM!
Immediate Explanation:
Bitcoin is showing clear signs of bullish strength after reclaiming the $103,954 support and bouncing with volume. The recent upward push toward $107,200 suggests accumulation is underway, with buyers defending higher lows. As price continues to push against resistance zones, a breakout above $104,951.51 could signal further upside potential. Price action and order book depth show thinning resistance up to $107,200.
Trade Setup (Long Entry):
Entry: $104,000 – $104,800
Target (TP): $106,800 / $107,200
Stop Loss (SL): $102,800
Short Market Outlook:
Bitcoin remains in a short-term uptrend, supported by higher lows and strong demand zones between $102,800 and $103,500. A clean break and hold above $105,200 could trigger the next wave of buying toward the $107K region. Caution advised below $102K, as it could flip the structure to bearish.
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