$BTC
Current Price: $108,111.83
Daily Trading Volume: $30.23 billion
Rank: #1 Globally
📊 Source: Binance
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- BTC is moving in a narrow range between $107,900 – $108,400 over the past 24 hours.
- Up by +0.81% over the week, with relative stability in momentum.
- The market is awaiting U.S. economic data that may affect the dollar and thus BTC.
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📈 Technical Analysis (4-Hour Frame)
Indicator Value Interpretation
RSI 54.7 Balanced momentum, neither overbought nor oversold
MACD Slight negative crossover Signal of temporary weakness
First Resistance $108,800 Breaking it opens the way towards $111,000
Strong Support $106,900 Previous bounce + 50 Moving Average
200 Moving Average Price above it Confirms the overall upward trend
🎯 Suggested Trading Strategy
- Optimal Entry Point: $108,300 after confirming the breakout of resistance
- Stop Loss: $106,800
- Profit Targets:
- First Target: $110,500
- Second Target: $112,000
- Third Target: $115,000 (if momentum continues)
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⚠️ Important Notes
- The U.S. Dollar Index (DXY) directly affects BTC — watch it closely.
- U.S. inflation or interest data may cause sudden volatility.
- Whales are still in accumulation mode according to Glassnode data.
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🏁 Conclusion
Bitcoin is in a strong accumulation phase, with the possibility of a bullish breakout soon.
As long as the price is above $106,900, the overall trend remains upward.
However, caution is necessary before the release of any major economic data.