Based on the 15-minute $BTC BTC/USDT chart you’ve shared, here’s a brief technical analysis:
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BTC/USDT Technical Overview (15-min timeframe)
Current Price: $103,816.61
24h High: $104,466.01
24h Low: $101,383.07
Trend: Short-term pullback after a bullish rally
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Chart Insights:
1. Resistance Zone:
The price touched $104,466.01, which acted as local resistance, triggering a series of red candles.
This could indicate profit-taking or strong seller pressure near this level.
2. Support Zone:
Minor support is visible around $103,393 – $103,000.
Stronger support lies at $102,708, which was the recent swing low before the rally.
3. Candlestick Behavior:
The chart shows a clear bullish breakout followed by a correction.
Decreasing candle size toward the current price suggests selling momentum is weakening, potentially signaling consolidation or a bounce.
4. Trend Direction:
Overall, still in a higher-high, higher-low structure, which is bullish.
If BTC holds above $103K, it may retest $104.4K.
A drop below $102.7K may shift the short-term trend bearish.
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Outlook:
Bullish Bias above $103,000.
Bearish Breakdown potential below $102,700.
