$BTC preparing for a price explosion? Technical analysis with a smart entry plan
Technical analysis:
Current price: 105,500.93 USDT (+3.70%)
Highest price in 24 hours: 106,074.20 USDT
Lowest price: 99,613.33 USDT
Volume in 24 hours: 2.76 billion USDT
Technical indicators:
RSI (6): 62.47 → in the buying momentum zone, with room for additional rise before saturation.
MACD: Continuous positive crossover, with increasing upward momentum.
Bollinger Bands: Price is approaching the midline (Mid Band 104,493) and may test the upper limit (107,711) soon.
A strong rebound candle from the bottom of 98,200 USDT enhances the chances of continued upward movement.
Trading strategy:
Entry point:
From 105,200 to 105,500 USDT (entry with confirmation of breaking the average)
Targets:
TP1: 106,700 USDT
TP2: 108,400 USDT
TP3 (extended): 110,000 USDT (if broken with high trading volumes)
Stop Loss: Below strong support 102,800 USDT (preferably set between 102,500 – 103,000)
Do you expect Bitcoin to succeed in breaking 108K this week? Or is there a correction coming? Share your analysis in the comments