BTCUSDT

[cryptobro]

Hello Traders!

What are your thoughts on BITCOIN?
After a strong rally, BTC is currently pulling back from the 124K resistance area, heading toward a major confluence support zone between 108,000– 110,000, which aligns with:

Previous breakout zone
0.5–0.618 Fibonacci retracement
Lower bound of the ascending channel

This level is expected to attract buyers and act as a base for a new bullish leg.

Scenario Ahead (Main Bias):

1. Price dips into the 108–110K support
2. Bullish reversal from the zone (watch for strong reaction candles or bullish divergence)
3. Target 1: 124K (retest resistance)
4. Target 2: 135K–140K (upper channel boundary upon breakout)

BTC remains in a healthy bullish structure. Current pullback is considered constructive, and the 107–110K zone offers a high-probability long setup. Watch for bullish signals before entering.

A confirmed daily close below 107K would invalidate this bullish structure and expose BTC to deeper correction levels.

What’s your take on this setup? Do you expect a bounce from support or a deeper correction? Share your thoughts below

Don’t forget to like and share your thoughts in the comments! ️

[Maxwell]

Totally agree this pullback looks constructive, but I’m staying patient. If we get a clean bullish engulfing on the daily or a 4H double bottom in the 108–110K zone, I’ll consider entering. No confirmation = no trade. Risk management is key with BTC this extended.

[Nahiar806]

Already scaled in near 111K — love the confluence of support there. Watching for a quick move back to 124K. If we break above that, I’ll trail stop toward 135K. Structure still looks bullish AF!

[rafihasan]

Respect the TA, but I’m not convinced yet. Momentum’s fading hard, and if 107K breaks, it could get ugly fast. I’m watching for a failed bounce or weak reaction at support. Might short a lower high if it sets up. ️