๐จ
$BTC /USDT - BULLISH MOMENTUM TARGETING $106,500 ๐จ
Current Price: $104,915.26
The
$BTC /USDT pair is showing strong bullish momentum after rebounding from the support zone at $104,000. With sustained buying pressure, the price is gearing up to test the next key resistance level at $106,500.
Key Levels:
Support: $104,000
Resistance: $106,500
Trade Setup:
๐ Long Entry:
Entry Range: $104,800 - $105,000
Target 1: $106,000
Target 2: $106,500
Stop Loss: $103,500
Short Entry: Not advisable unless the price drops below $104,000, which could indicate a potential retracement.
Market Outlook:
Bitcoin is gaining bullish strength, backed by increased volume and positive market sentiment. If the price breaks and holds above $106,500, it could pave the way for a further rally. However, failure to sustain above $104,000 may lead to a temporary pullback.
Risk Management:
Always risk only 1-2% of your capital per trade, and use proper stop-loss orders to safeguard against potential reversals.
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