BTCUSD POSITION.Bitcoin / U.S. dollarBITSTAMP:BTCUSDruselforexChart Analysis The BTC/USD chart on the 15-minute timeframe shows that the price has been trading in a range, with a key support level around $108,200 to $108,300. A significant resistance level is visible at the recent high around $109,400. The current price is hovering just above the support zone. Potential Trade Plans Scenario 1: Bullish (Price Bounces from Support) Entry: Consider entering a long (buy) position if the price shows a strong bullish candle confirming the support level around $108,300. Stop-Loss: Place a stop-loss order just below the support zone, for example, at $108,150, to protect against a downside breakout. Take-Profit (Target): The first target could be the minor resistance around $108,800, with a more ambitious target at the recent high of $109,400. Scenario 2: Bearish (Price Breaks Below Support) Entry: Consider a short (sell) position if the price breaks decisively below the $108,200 support level with strong bearish momentum. Stop-Loss: A stop-loss should be placed just above the broken support level, for example, at $108,400, to limit potential losses. Take-Profit (Target): The target for this move would be the next lower support level, which appears to be around $107,300 to $107,400.