šØ $BTC /USDT ā Momentum Slipping Below Key Resistance!
Bitcoin stalling near $108K as indicators flash cooling ā is a short-term dip on the way? šā ļø
š Current Price: $107,494.01 (ā0.28%)
š 24h High: $108,174.86
š 24h Low: $106,438.33
š 24h Volume: 10,095.79 BTC / $1.08B USDT
š„ Category: POW | Traders League Focus
š Bollinger Bands (20,2)
š¹ Upper Band (UP): $107,570.76
š¹ Middle Band (MB): $107,152.95
š¹ Lower Band (DN): $106,735.15
š» BTC is trading right under the upper Bollinger Band and showing early signs of rejection.
šÆ Bearish Setup ā Short-Term Trade Idea
š“ Entry Zone:
$107,400 ā $107,600 (resistance zone)
ā Stop Loss:
$108,200 (above recent high)
š Target 1:
$107,150 (Bollinger Mid-Band / Trend base)
š Target 2:
$106,430 (24h low)
š Target 3 (Extended):
$106,000 ā $105,800 (next strong demand zone)
š§ Pro Insight:
Price struggling to break above upper BB = early weakness
A clean rejection below $107.4K opens room for correction
Tight range = ideal for scalp traders and day traders
ā ļø Caution: Bullish momentum will resume if $108,200 is broken with strong volume.
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