BTC exhibited a trend of rising first and then falling, with overall intense volatility,reflecting the uncertainty and complexity of the market.
From the perspective of short-term technical indicators, after Bitcoin’s price broke below the key range of 109,000–110,000, this area has now transformed into a resistance level. Currently, the price is fluctuating within the 106,000–107,000 range: it faces resistance near 107,500 on the upside, while receiving support from the 103,000–104,000 range on the downside. If the price fails to break through the 107,500 resistance level effectively, it may continue to face downward correction pressure.
Buy 106000 - 106500
SL 105500
TP 107000- 107000
Sell 107500 - 108000
TP 109000
TP 106500 - 106000
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
From the perspective of short-term technical indicators, after Bitcoin’s price broke below the key range of 109,000–110,000, this area has now transformed into a resistance level. Currently, the price is fluctuating within the 106,000–107,000 range: it faces resistance near 107,500 on the upside, while receiving support from the 103,000–104,000 range on the downside. If the price fails to break through the 107,500 resistance level effectively, it may continue to face downward correction pressure.
Buy 106000 - 106500
SL 105500
TP 107000- 107000
Sell 107500 - 108000
TP 109000
TP 106500 - 106000
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Trade active
As we mentioned earlier, the resistance level around 107,500 remains solid, despite the BTC multiple breakout attempts, it has not been breached. Currently, the price is still fluctuating between 106,500 and 107,500.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.