#BTC Back in Recovery Mode for New Highs!
BTC/USDT – Sharp Price Swings Create a Prime Opportunity.
Bitcoin ($BTC) has experienced intense volatility, reaching a 24-hour high of $108,353 before sharply dropping to $105,725. This dramatic price action reflects major liquidity movements as bulls fight to regain control. Currently trading at $107,563, BTC has shown a strong rebound, indicating that buyers are actively defending critical levels.
Key support to monitor is near $105,480, while a breakout above $108,353 could pave the way for new highs. For traders, holding above $106,557 would confirm bullish momentum, with resistance targets set at $108,500 and beyond. However, if support fails, another wave of selling pressure may emerge.
Meanwhile, Ethereum ($ETH) remains under the spotlight after its recent decline, reflecting overall market uncertainty. Bitcoin’s breakout potential continues to set the tone for the market’s next major move.
In this high-volatility environment, caution is crucial—trade with tight risk management and keep a close eye on the charts!