$BTC /USDT Trade Setup – Eyes on Breakout Above $108K
Current Price: $107,345 (–0.37%)
$BTC is consolidating below key resistance at $108K while maintaining support above $106.5K. Price action is tightening, hinting at a breakout move soon.
Trade Plan (Long Bias):
Entry: $107,350 – $107,500
Target 1: $108,800
Target 2: $110,500
Target 3: $113,000
Stop Loss: $106,100
Market Insight:
Bitcoin is showing strength above SAR support ($106,641) and holding volume near $1.1B. A strong breakout above $108K with confirmation may drive a rally toward $113K. But failure here could trigger a sharp rejection back to $106K or lower.