BTC/USDT Stabilizes After Dip – Is the Bounce Real?

📊 Technical & Fundamental Analysis – 1H Chart

🧠 Fundamental Overview:

🔄 Bitcoin is in a consolidation phase after a recent dip triggered by stronger-than-expected US jobs data.

🏦 Market participants are waiting for clear signals on potential Fed rate cuts.

🐋 Whales and institutions appear to be accumulating within the $106K–$108K range.

📉 Technical Analysis (1H):

Support & Resistance:

🔻 Strong Support: $107,200 (recent local bottom)

🔼 Immediate Resistance: $108,480 – critical short-term barrier

🚩Next Key Resistance: $109,203 – $110,484 (previous rejection zone)

RSI Indicator:

RSI is currently at 56.7, signaling a neutral-to-bullish momentum. There's still room to move upward before becoming overbought.

Price Structure:

Forming higher lows from $107.2, suggesting potential bullish reversal if $108.5 is broken.

Price action showing sideways range with a slight bullish bias.

Volume:

Stable, but not yet showing signs of explosive breakout.

🎯 Trade Setup & Probabilities:

Strategy Entry Target Stop Loss Probability

Breakout Buy Above $108.5 $109.2 – $110.4 $107.9 🟢 65%

Short Rejection $108.4 – $108.5 $107.5 $109.2 🔴 35%

📌 Best to wait for a confirmed breakout above $108.5 with strong volume before entering long. Avoid chasing mid-range moves.

📌 Summary:

Bitcoin is currently testing key resistance at $108.5 after recovering from recent lows. A clean breakout may push price toward $110K, but failure to break could keep BTC in a tight $107K–$108K range.

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