$BTC /USDT Technical Analysis and trading signal 🚀 🚀 🚀 🚀
Current Price: $106,988.51 (+3.79%)
24h Range: $102,621.50 - $107,195.58
Volume (24h): 38,007.30 BTC ($3.99B)
Key Indicators Analysis
SAR (Stop and Reverse): $106,529.79 (Bullish momentum as price is above SAR).
Resistance Levels:
R1: $107,200 (Recent 24h high).
R2: $108,500 (Key psychological level).
R3: $110,000 (Major breakout point).
Support Levels:
S1: $106,000 (First support near SAR).
S2: $104,500 (Midway retracement).
S3: $102,600 (24h low).
Momentum:
Bitcoin is displaying strong upward momentum with a 3.79% gain. The breakout above $107,000 indicates bullish strength. However, trading volume suggests caution at resistance levels.
Trade Signal 🎯
Entry: $107,000 (upon breakout confirmation)
Targets:
🎯 Target 1: $108,000
🎯 Target 2: $109,500
🎯 Target 3: $111,000
Stop-Loss: $105,500 (to limit downside risk).
Trade Momentum: Bullish 🟢
Look for consolidation above $107,000 or a pullback to $106,000 as a re-entry opportunity. Monitor volume for breakout confirmation beyond $108,500.