🌩️ $BTC /USDT – May 12, 2025 Market Update

🏷️ Category: POW (Proof of Work)

💰 Price: $104,464.66 (▲ +0.29%)

📈 24H High: $105,819.45 | 📉 24H Low: $103,569.77

🔄 24H Volume: 22,802.80 BTC | 💵 USDT Volume: $2.38B

📊 BTC Price Analysis & Key Levels

🔹 Resistance: $105,800 / $107,600

🔹 Support: $103,500 / $101,300

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $103,569 – High $105,819):

38.2% – $104,956

61.8% – $104,432

Pivot – $104,690

🔸 ATR (14D): ±$2,850

📉 Projected Swing Range: $102,000 – $107,200

🚀 Bullish Scenario

✅ If BTC breaks and closes above $105,800, it may target $107,600

✅ Holding above $104,400 supports short-term bullish momentum

⚠️ Bearish Scenario

❌ A drop below $103,500 could lead to a slide toward $101,300

❌ Rejection near $105,800 with heavy volume may trigger pullback

🎯 Trading Strategy – Neutral Bias with Cautious Bullish Tilt

🛍️ Spot Trading

Buy Zone: $103,200 – $104,200

Targets: $105,800 / $107,600

Stop-Loss: $101,200

📉 Futures Trading

Long Setup:

Entry: $104,400

Target: $105,800 / $107,600

Stop-Loss: $103,200

Short Setup:

Entry: $105,800

Target: $104,200 / $103,000

Stop-Loss: $106,400

🛡️ Risk Management & Alerts

$103,500 is a short-term support to watch; loss below this increases bearish risk

Keep an eye on momentum and volume near the resistance zones

💡 Unique Insight – VWAP Check:

BTC is currently hovering near VWAP (~$104,540). A sustained close above VWAP would favor bulls for a continuation toward $107K.

📌 Summary:

BTC is consolidating just under key resistance. A breakout above $105.8K would likely confirm a new upward leg, while a break below $103.5K could flip short-term sentiment bearish.

❓Closing Question:

Will BTC reclaim $105.8K and continue higher, or are bears setting a trap near resistance?

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