$BTC /USDT PERP - Price Consolidation
$BTC
is displaying high volatility within a tight consolidation range after a sharp move down and subsequent recovery. The current price stands at $109,956.2, marginally up +0.06% in the past 24 hours, reflecting equilibrium between buyers and sellers.
Key Observations from the 15m Chart:
24h Trading Range: $109,654.5 (Low) to $110,557.0 (High).
Key Support Tested: The recent low established a strong floor near $109,803.5 following the drop from the $110,487.0 high.
Volume: Significant 24-hour liquidity with 40.07B BTC and 4.41B USDT traded, indicating intense activity in this price zone.
Bitcoin appears to be gathering momentum for its next move. A decisive break and hold above the $110,000 psychological level could signal a retest of the 24h high. Conversely, a failure to hold $109,800 could lead to further downside exploration.
This post is for informational and educational purposes only and is based on the provided chart data. It is not financial advice, and you should not construe it as a recommendation to trade. Trading involves risk. Always Do Your Own Research (DYOR).
#BinanceSquare #CryptoTrading #BTCUSDT #Bitcoin #MarketAnalysis