$BTC Hello, dear Binance community!

Today, Thursday, May 15, 2025, I want to share with you a technical analysis of the BTC/USDT pair, based on the chart we have been observing (probably on a 30-minute timeframe, according to the image). The goal is to break down the key indicators and price action to have a clearer perspective on possible scenarios.

Current Situation of BTC/USDT:

At the time of analysis, the price of Bitcoin is around 103,888.01 USDT. In the last 24 hours, we have seen a trading range with a high of 104,192.70 USDT and a low of 101,383.07 USDT. The trading volume in USDT over the last 24 hours is around 1.86 billion, indicating considerable market activity.

In-Depth Analysis of Technical Indicators:

* Moving Averages (MAs):

* We have three visible MAs: the MA(7) (yellow line) at 102,523.17 USDT, the MA(25) (purple line) at 102,124.83 USDT, and the MA(99) (light blue line) at 102,239.18 USDT.

* Bullish Interpretation: The current price is clearly above these three moving averages. This is generally a short-term bullish signal, suggesting that the current momentum favors buyers. The MA(7), being the fastest, leads above the other two, reinforcing this short-term outlook.

* To Watch: It's interesting to note that the MA(25) is slightly below the MA(99). A bullish crossover where the MA(25) surpasses the MA(99) would provide additional confirmation of strength in the medium term within this timeframe.

* Price Action and Key Levels:

* Recent Trend: The chart shows a solid recovery from a previous low near 100,718.37 USDT. We have seen bullish momentum that peaked around 104,976.25 USDT, followed by a correction and now a new attempt to rise.

* Crucial Resistance Levels:

* Immediate: The 24-hour high at 104,192.70 USDT.

* Significant: The zone of 104,976.25 USDT, which represents a significant previous high on the chart. Breaking this level could open the door to greater gains.

* Support Levels to Watch:

* Immediate (Dynamic Supports): The moving averages, especially the MA(7) at ~102,523 USDT, followed by the cluster of MA(99) and MA(25) between ~102,124 and ~102,239 USDT.

* Significant: The 24-hour low at 101,383.07 USDT and the relevant low on the chart at 100,718.37 USDT.

* Volume:

* The 24h volume (18,113.26 BTC) is robust. To confirm the continuation of any bullish movement, it would be ideal to see volume accompanying or increasing during the rises. The last bullish candle seems to have supporting volume.

Possible Scenarios:

* Bullish Outlook: If BTC manages to break above and stay above the key resistances (104,192.70 and especially 104,976.25 USDT), we could see a continuation of the bullish trend, seeking new local highs. Confirmation with volume would be essential.

* Bearish/Corrective Outlook: If the price fails to break the resistances and loses support from the moving averages (especially if it falls below ~102,100 USDT), we could enter a corrective phase. A break below 101,383.07 USDT would intensify selling pressure.

In Conclusion:

The short-term outlook for BTC/USDT seems constructive as long as it stays above its key moving averages. However, the coming hours will be crucial to see if the bulls have the strength to break the immediate resistances.

What are your thoughts on the current price action of BTC? Do you see any other patterns or important levels? Share your analyses and opinions in the comments!

Important Reminder: This analysis is only a technical perspective and should not be considered as financial advice. Always conduct your own research (DYOR) before making any investment or trading decisions. The cryptocurrency market is volatile.

Happy trading everyone!