$BTC
The current price is around $108,200. We notice a clear fluctuation between 107,350 and 108,650 throughout the day, which opens an excellent opportunity for scalping within this range.
The ideal entry is when the price retraces to the 107,450–107,500 area, which represents a repeated support in the past hours. Once a strong upward confirmation is received from this area with a candle on the one-minute or five-minute timeframe, a buy can be entered with a target of reaching 108,100 then 108,400.
The best stop loss would be below 107,300 to ensure exiting the trade in case of a strong break.
Supporting indicators:
– EMA9 crossing above EMA21 on smaller timeframes
– RSI above 50 with an increase in trading volume
– Strong movements in the order book indicating liquidity support in these areas
🚨 Beware of a break below 107,300, as this could temporarily change the direction to bearish.
