$BTC /USDT BEARS LOSING CONTROL – BULLISH REVERSAL LOADING?
Bitcoin has bounced strongly from the $101,000 support zone and is now trading above $104,000, indicating that buyers are regaining control. The recent higher low formation suggests a potential bullish reversal from the correction phase. If BTC holds above $103,500–$104,000, a move toward $106,500 and further to $109,000 is likely. However, failure to sustain above support may lead to another retest of lower levels.
🔹Trade Setup (Long Entry):
Entry: $103,800 – $104,200
Targets (TP):
TP1: $106,500
TP2: $109,000
Stop-Loss (SL): $102,800
🔹Short Setup (If price rejects resistance):
Entry: $106,500
TP: $104,500
SL: $107,500
🔹Market Outlook:
BTC is showing signs of strength but still trades within a broader correction range. A clear breakout above $106,500 could trigger fresh bullish momentum. As long as it holds above the $103,000 support, market sentiment remains cautiously optimistic.
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