📈 BTC/USDT Technical Update – Support & Resistance Levels
As of now, Bitcoin (BTC) is trading at $104,245, showing a +2.79% gain in the past 24 hours. Here's a quick breakdown of key technical levels and what to watch next:
🔍 Resistance Levels:
$106,004 – MA(25): Bitcoin faces a significant resistance at the 25-day moving average. Bulls need a breakout above this to regain short-term momentum.
$111,980 – Recent swing high: A break above this could trigger a strong bullish rally toward previous highs.
$108,000–$109,000 – Intermediate resistance zone formed by recent wick rejections.
🛡️ Support Levels:
$101,095 – 24h low: First line of defense if price begins to pull back.
$98,238 – Strong historical support and base of recent consolidation.
$93,377 – Local bottom: A critical level where buyers previously stepped in.
$92,691 – MA(99): Long-term support, often used by institutional traders for entry points.
📊 Indicators Insight:
MACD shows bearish momentum still active, though DIF is trying to curve upward.
Volume is relatively steady, signaling indecision.
Moving averages are converging, indicating potential for a breakout in either direction.
🚨 What to Watch:
If BTC breaks above $106K with volume, we could see a move toward $111K+. On the downside, holding above $101K is crucial—otherwise, bears may test $98K or lower.
💬 Are you bullish or bearish on BTC this week? Drop your thoughts below 👇