📉 $BTC /USDT – A Tense Tug-of-War at $107K!

Bitcoin is currently hovering at $107,222.5, showing marginal upward movement (+0.05%). Price action on the 1H chart shows tight compression between key moving averages:

MA(7): 107,283.7 (above current price – resistance zone)

MA(25): 107,266.4

MA(99): 107,152.8 (support range holding strong)

Despite a recent high of $107,659.9, BTC has been unable to break above the local resistance and now trades just below the short-term MA(7), suggesting short-term indecision. The bulls need a clean breakout above $107,538 to retake control, while bears are watching for a breakdown below the MA(99) to push toward $106,700 and lower.

🔽 Trade Setup:

Entry: $107,250

TP1: $107,700

TP2: $108,200

TP3: $109,000

SL: $106,950

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$BTC