bitcointoda

Bitcoin ($BTC

continues to remain highly volatile, with traders closely watching short-term levels for possible entries. In today’s analysis, we break down the 1-hour timeframe, highlight support & resistance zones, and share potential buy and sell setups with entry, exit, and target levels.
Current Market Snapshot
BTC Price: $109,596
Intraday High: $110,305
Intraday Low: $108,741
Technical indicators show mixed signals, with some short-term bearish pressure still visible.
Key Support and Resistance Levels (1-Hour)
Level Type Approx. Price Range
Resistance 1 First Major Barrier $111,900 – $112,200
Resistance 2 Next Resistance $113,500
Support 1 First Support Base $108,100 – $108,500
Support 2 Deeper Support Zone $105,500 – $106,000
A breakout above Resistance 1 could lead to further bullish momentum, while a drop below Support 1 might trigger extended downside pressure.
🎯 Trade Setups – Buy & Sell Zones
✅ Long (Buy) Opportunity
Entry Zone: $108,300 – $108,600
Target 1: $111,000 – $111,500
Stop Loss: Below $107,900 – $108,000
A bounce from Support 1 with bullish confirmation candles can provide a buying opportunity.
❌ Short (Sell) Opportunity
Entry Zone: $111,900 – $112,200
Target 1: $109,000 – $109,500
Stop Loss: Above $112,500 – $112,800
I$BTC tests Resistance 1 and faces rejection, short entries may provide good risk-reward setups.
Final Thoughts,
The $108,100–$108,500 zone is critical support for bulls to hold. Losing this level could bring $BTC closer to the $106,000 region, while reclaiming $112,200 may open the way toward $113,500 and higher.
As always, this analysis is for educational purposes only and not financial advice. Use proper risk management, stop losses, and position sizing in all trades
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