#GateLive Space: Voice Chat on Crypto Trends! #Gate Square Creator Spark Program #BTC #Content Mining & Earn Rich Commission Here’s today’s BTC snapshot and a trading signal analysis:

📈 Technical Outlook

Price is hovering near $107,800, slightly down intraday, with an observed range of $107,376–$108,774 .

FXLeaders reports BTC/USD is above its daily pivot (~$107,415), with RSI ~44 (neutral) and ADX ~40 indicating a trending market, supported by upward-moving EMA/SMA-20 .

DailyForex identifies a bullish flag pattern and recommends:

Buy BTC/USD

Take-profit near $112,000

Stop-loss at $104,000 within the next 1–2 days .
🧭 On-Chain & Market Drivers

BTC holdings on exchanges dropped below 2.9 million, signaling a potential supply squeeze, as institutional and ETF inflows continue .

A potential Golden Cross in the MVRV ratio is forming (MVRV crossing above its 30‑day SMA), a classic bullish signal .

Macro factors: BTC/Gold ratio gained about 10%, sending another bullish cue via the technical “flag” breakou

🔔 Trade Idea (Short-Term)

Action Entry Take‑Profit Stop‑Loss Horizon

Buy ~$107,800 ~$112,000 ~$104,000 1–2 days

Rationale:

Bullish flag + on-chain fundamentals (supply drop, ETF interest).

Technical setup supported by MVRV Golden Cross and positive momentum indicators.

Use stop-loss to manage risk in case of breakdown below critical support

Failure to break past $108,000–108,800 resistance could cap upside.

Broader market pullbacks or negative macro news can trigger a dip toward the $104K–$107K area.

Always size positions appropriately and consider your overall risk tolerance.

✅ Summary

All signs—technical, on-chain metrics, and sentiment—are converging toward a bullish scenario in the short term. The defined buy‑level, take-profit, and stop-loss offer a structured setup. If you’re positioned and comfortable with the risk, a long entry near current levels seems reasonable.

Let me know if you want an updated signal tomorrow or a different time frame!