$WBTC /USDT - Testing Critical Levels 🚀
Market Snapshot
WBTC is trading at $105,667.62 (+0.87%), recovering strongly from the 24-hour low of $99,397.66. The token tested a significant resistance at $109,295.92, reflecting strong buying momentum.
Entry Range: $105,000 - $106,500
Target 1: $108,000
Target 2: $110,000
Stop Loss: $103,000
Market Highlights:
Key Support: $101,000
Immediate Resistance: $107,600 and $109,300
Volume Insight: WBTC/USDT saw a 24-hour trading volume of 77.15M USDT, signaling high interest among traders.
Analysis:
WBTC has shown an impressive recovery from the $99,400 level and is consolidating around $105,600. A breakout above $107,600 could lead to retests of $109,300 and potentially $110,000. However, a failure to maintain current levels could lead to a pullback toward $103,000.
Pro Tip: Consider scaling out partial profits near $108,000 and monitor closely for a sustained breakout above $109,000.
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