$BTC Based on the 15-minute candlestick chart of $BTC BTC/USDT from Binance that you've provided, here’s a brief technical analysis:
1. Current Price
BTC/USDT = $96,738.10, up +1.80% in the last 24 hours.
2. Price Action
Recent High: $97,309.78 (close to the 24h high of $97,424.02).
Recent Low: $96,184.19, showing support at that level.
The price is currently making lower highs and lower lows, which indicates short-term bearish momentum.
3. Support & Resistance
Support levels:
Around $96,184 – recent low on the chart.
Next level: $95,800–$96,000 (based on previous cluster of candles).
Resistance levels:
$97,309–$97,424 – very recent peak and 24h high.
$97,870+ – psychological resistance and previous failed breakout zone.
4. Candle Pattern Observations
You can see multiple bearish red candles forming after the recent peak, indicating selling pressure.
However, the last candle in the chart is green, possibly showing a short-term bullish pullback or price stabilization.
5. Volume
Volume data isn’t detailed in the chart view, but 24h volume is:
BTC: 20,729.75
USDT: 2.00B
Suggests strong activity, supporting the volatility and short-term trend moves.
6. Trend Outlook (Short-Term: 15m)
Trend: Short-term downtrend after hitting the local top.
A break below $96,184 would signal further bearish pressure.
A recovery above $97,000–$97,300 would signal bullish momentum returning.
Strategy Suggestion
Scalping/Short-term trades: Wait for confirmation around $96,600–$96,700. A bounce could target $97K+, while a break below could target $96K or lower.
