Bitcoin Price Target Between $106K and $107K with Strategic Entry and Stop-Loss

A long position on Bitcoin (BTCUSDT) is recommended with a buy range between $104,200 and $104,700, and a stop-loss at $103,300 to manage risk. The target profit zone is set between $106,000 and $107,000, aiming for a moderate gain based on current indicator signals. The analysis highlights that current technical indicators suggest a potential upward movement within these specified levels, with an emphasis on monitoring price action around the entry and target zones to capitalize on the bullish trend. Given the outlined trading parameters, traders should consider entering within the suggested buy zone while maintaining discipline to exit if the price hits the stop-loss to limit downside risk. The potential gain from target levels indicates a favorable risk-reward ratio provided market conditions remain supportive. Regular updates to the indicator signals and market sentiment should be observed to adapt the position accordingly.