📊 BTC/USDT Technical Update – Support & Resistance Analysis 🚀
As of now, #Bitcoin is trading at $104,443.40, showing slight upward momentum (+0.19%). Let's take a look at the support and resistance levels based on current market structure and moving averages:
🔍 Key Resistance Levels:
$106,395 – 7-day MA (short-term resistance)
$105,799 – 25-day MA (important mid-term resistance)
$107,666 – Previous price rejection zone
$111,980 – Recent high, strong resistance
If BTC can break above the 25-day MA, it might retest $107K+, and further move toward $111K.
🛡️ Key Support Levels:
$103,068 – 24h low and immediate support
$101,707–102,000 – Price region around the last bounce
$97,133 – Historical consolidation zone
$91,707 – Long-term support (99-day MA)
📉 MACD Analysis:
MACD line is below the Signal line (MACD: -1,018.13), suggesting bearish momentum is still present.
But the DIF-DEA gap is narrowing, hinting at a potential reversal if buyers step in.
📌 Conclusion:
BTC is currently in a consolidation phase, with the price testing support near the 25-day MA. If bulls can regain momentum, a breakout above $106K could trigger another leg up. However, a breakdown below $103K may lead to a retest of $97K–$91K support.
📈 Traders: Watch closely for confirmation candles and volume spikes around these key levels.