$BTC price is currently trading above all key moving averages, signaling strong bullish momentum. If BTC breaks above $105,800, it could test the psychological $106,000 level. A rejection could lead to a pullback toward $104,800 support.
The bullish momentum remains strong, but watch for resistance near $105,800-$106,000.
A break above $106,000 could lead to a further rally, while a rejection might cause a short-term pullback.
Trading Strategy:
Bullish Bias: Consider long positions above $105,800 with a target of $106,500.
Caution for Pullbacks: A drop below $104,800 may lead to $103,900 support.
Support & Resistance Levels
Immediate Resistance: $105,805.60
Next Major Resistance: $106,000
Immediate Support: $104,882.52
Stronger Support: $103,959.45