📊 $BTC /USDT Technical Analysis
Current Price: $115,938.38 | 24h Change: -1.25%
24h High / Low: $118,575 / $115,910.99
24h Volume: 8,651.87 BTC | 1.02B USDT
Trend Overview:
BTC is showing a mild pullback after recent highs near $118,500.
The price is hovering around key support at $115,910 – $116,000, which could act as a buying zone.
Resistance lies at $118,500 – $119,250; a break above this level may signal a bullish continuation.
Key Indicators:
RSI (14): Approaching 45, indicating BTC is in neutral territory—neither overbought nor oversold.
MACD: Slightly bearish momentum, but approaching a potential crossover for reversal.
Moving Averages:
50 MA near $116,200, currently acting as support.
200 MA around $112,500, long-term trend still bullish.
Short-Term Strategy:
Watch for support bounce at $115,910 for potential long entries.
Aggressive traders may target $118,500 – $119,250 on bullish confirmation.
Place stop-loss below $115,500 to manage risk.
Conclusion:
BTC is consolidating near support after minor retracement. A break above $118.5k could resume the bullish trend, while a drop below $115.9k may lead to deeper correction toward $115k.