$BTC
/USDT – Bullish Momentum Holding Strong Towards 110k+🚀
Current Data:
Price: $107,085.69
24h High: $107,793.07
24h Low: $103,333.00
24h Change: +2.28%
24h Volume:
BTC: 36,606.35 BTC
USDT: 3.89B
Technical Analysis 🔍:
Trend: BTC is showing a strong bullish trend, maintaining its price above $107,000, indicating continued upward momentum.
Support: $103,333.00 – Strong support around the daily low.
Resistance: $107,793.07 – Key level to break for further bullish continuation.
Momentum: Mild positive momentum, indicating that the market is stabilizing above key support.
Volume: Strong volume suggests that buying pressure is present, supporting the bullish trend.
Trade Strategy 🚀:
Entry Zone 📍:
Buy Zone: Enter near $107,000 - $107,100, as this is an ideal point near support with upward potential.
Target Keys 🎯:
1. $107,800 – First resistance target, break above this level for further upside.
2. $108,500 – Extended target if the bullish trend continues with increased momentum.
3. $109,000 – Upper target for a potential rally, reaching new highs.
Stop-Loss 🚨:
Conservative Stop-Loss: $105,500 – Below key support to manage risk effectively.
Aggressive Stop-Loss: $106,500 – For tighter risk management with minimal drawdown.
Trade Setup ⚙️:
Confirmation Needed: Watch for a break above $107,800 to confirm continuation.
Indicators to Watch:
MACD: Look for a bullish crossover to confirm the upward trend.
RSI: Ensure RSI stays above 50, signaling bullish strength.
Volume: Monitor volume for increasing buying pressure.
Execution Plan 🎯:
1. Buy: Enter near $107,000 - $107,100 for an ideal entry point.
2. Take Profit:
First target at $107,800
Second target at $108,500
Third target at $109,000 if the momentum picks up.
3. Stop-Loss: Set at $105,500 (conservative) or $106,500 (aggressive).
Ride the wave of BTC/USDT for further bullish gains! 🌟