$BTC /USDT – Bounce or Breakdown? 🔍
Current Price: $107,867.75 (‑1.46%)
#Bitcoin is currently testing the $107,400–$107,800 demand zone after a sharp rejection near $109,700. Price printed a strong wick from the low, indicating potential buyer interest. A bullish engulfing or confirmation above $108,000 could signal short-term recovery. But failure to hold may open deeper downside levels.
Trade Setup:
• Entry Zone: $107,600 – $107,900
• 🎯 TP1: $108,500
• 🎯 TP2: $109,200
• 🎯 TP3: $110,000
• Stop Loss: $107,100
Pro Tip: Use tight stop losses and monitor for fakeouts—market is in a volatile phase, so manage risk actively.
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