$WBTC /USDT
🟫 WBTC/USDT Market Summary
Current Price: $104,099.13
24h Change: -3.28%
24h High: $108,807.29
24h Low: $104,035.19
24h Volume:
WBTC: 132.62
USDT: $14.14M
📊 Key Price Levels
TypePriceRemarksResistance 1$105,461.02Closest ceiling to watchResistance 2$106,265.34Breakout zone for short-term bullsResistance 3$108,807.29Daily high, strong resistanceCurrent$104,099.13Holding just above intraday lowSupport 1$104,035.19Daily low, short-term floorSupport 2$103,852.39If broken, opens path to $103K
🧭 Technical Overview
📉 Trend Direction:
Bearish intraday trend matching BTC performance
Lower highs and lower lows forming on lower timeframes
📊 Market Behavior:
Trading near key support at $104K — critical to hold
Weak bounce attempts → seller strength evident
Volume decent but mostly sell-driven
🧠 Scenarios to Watch
✅ Bullish Reversal Setup
Entry Trigger: Break above $105,460 with strength
Short-Term Targets: $106,265 → $108,800
Invalidation: Drop below $104,000 again
⚠️ Bearish Breakdown Setup
Confirmation: Sustained drop below $104,035
Next Support Zone: $103,500 → $102,000
Momentum: Accelerates if BTC itself also loses $104K
🧮 Comparative Note
WBTC is tightly tracking BTC/USDT, currently showing:
Almost identical price action
Slightly lower liquidity and thinner order books
Use BTC levels as broader market cues
📌 Summary
Bias: Bearish intraday
Key Support: $104,035
Upside Pivot: $105,461
Volume Profile: Light but reactive near support
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