BTC Pullback Analysis – Low-Long Positioning 📊

Daily Range:

108,095 − 105,087 = 3,008

Key Fibonacci Retracements:

0.382 of 3,008 = 1,149.06 → 108,095 − 1,149 ≈ 106,946 (too close to 108,000 — skip)

0.50 of 3,008 = 1,504 → 108,095 − 1,504 ≈ 106,591 (target 106,666 — traders like “leopard numbers”)

0.618 of 3,008 = 1,859 → 108,095 − 1,859 ≈ 106,238 (only reached if weakness persists)

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📍 BTC Trading Plan:

Long Entry Zone: 106,666 – 106,250

Targets:

➜ 108,800 / 108,925

➜ Breakout target: 109,850

Stop Defense: 105,700 (around 0.618 retrace near 106,238; 106,000 is not a strong support — 105,850 is. Defense at 105,700 is safer.)

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🎯 Potential Short Entries:

108,800

109,850

💡 Why take partials at 107,700 – 107,850?

The 8-hour and 12-hour upward momentum is still building — booking partial profits early keeps your trade nimble.