$BTC /USDT Technical Analysis and Trade Signal💥💥🔥🔥🔥🔥🎯

Current Price: $103,686.68

24h High: $108,353.00

24h Low: $103,516.98

SAR: $104,618.39

Key Levels:

Support Level 1 (S1): $103,500 (Recent low)

Support Level 2 (S2): $102,800 (Previous range)

Resistance Level 1 (R1): $104,500 (SAR indicator)

Resistance Level 2 (R2): $106,000 (Previous high)

Trade Signal:

Trend: The price is currently in a bearish correction, but it is approaching a potential support zone near $103,500. If this level holds, a reversal could be expected.

Trade Momentum: Momentum indicators are showing slight bearish divergence on the 1h and 4h charts, suggesting a continuation of the downward movement if support fails.

Trade Strategy:

Entry Point: If the price holds above $103,500 and begins to show upward movement, enter a long position near this support level.

Stop-Loss: Set a stop-loss below $102,500 to manage risk.

Target Levels:

1. Target 1: $104,500 - This is the SAR level and initial resistance. If price breaks above it, we could see further upward momentum.

2. Target 2: $106,000 - A potential resistance zone, where price could face resistance from previous highs.

3. Target 3: $107,000 - A potential next leg up if bullish momentum continues, supported by overall market strength.

Trade Momentum:

Bearish Momentum is in play with a slight downward trend in the short term. However, if the support at $103,500 holds, a reversal may push the price back towards the resistance zones.

Bullish Reversal: Should the price break above $104,500 and hold, a shift to a bullish momentum may be seen, targeting the higher resistance levels at $106,000 and $107,000.

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