Bitcoin is holding around 102.7K after recovering from the 102.5K support zone. MA5 (102.9K) and MA10 (103.0K) remain slightly above price, suggesting short-term pressure but a possible base forming if bulls defend 102.5K.
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$BTC
Long Trade Setup:
Bitcoin is holding around 102.7K after recovering from the 102.5K support zone. MA5 (102.9K) and MA10 (103.0K) remain slightly above price, suggesting short-term pressure but a possible base forming if bulls defend 102.5K.
Entry: 102.5K – 102.8K
Stop Loss: 101.9K
Targets: 103.3K → 104.0K → 104.5K
Risk Note:
Failure to reclaim 103K could keep BTC range-bound. A break below 102.5K might test 101.8K support again.
Next Move:
Watch for consolidation near 102.7K — a strong candle closing above 103.0K may confirm momentum recovery toward 104K+.