$BTC /USDT Technical Analysis and trading signal:🔥🔥🔥🔥👍👍👍💯💯💯

Current Price: 107,701.97 USDT

Trend: The price has recently shown a bullish momentum, with a significant rise of +4.37% in the past 24 hours. The price is trading near the 24h high of 107,790.00 USDT, indicating strength in the current trend.

Key Levels:

1. Support Level: 102,621.50 USDT (24h low)

2. Resistance Level: 107,790.00 USDT (24h high)

3. SAR Support: 106,726.50 USDT

Trade Signal:

Entry Point: 107,700 USDT (If the price holds steady near the current level or slightly pulls back)

Targets:

Target 1: 109,000 USDT (Next major resistance area)

Target 2: 111,500 USDT (Psychological level and upward momentum)

Target 3: 113,000 USDT (Possible extension if the bullish trend continues)

Stop Loss: 106,000 USDT (Below SAR support and near the previous support level)

Trade Momentum:

Bullish Momentum: The recent upward movement of 4.37% suggests strong bullish momentum. The price has remained above the key support levels, and the SAR indicator is at 106,726.50 USDT, which could act as a solid stop-loss point.

Volume: Trading volume is strong, with 40,002.62 BTC traded in the last 24 hours, suggesting that the momentum is supported by sufficient buying interest.

Recommendation:

Buy near the current price levels (107,700 USDT) with targets at 109,000, 111,500, and 113,000 USDT.

Monitor for any pullbacks towards 106,000-106,700 USDT as a potential re-entry point.

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