$BTC

Current Price: $104,882

24H Range: $102,038 – $107,114

Indicators:

• RSI(6/12/24): 58.0 / 55.7 / 55.1 → Neutral to slightly bullish

• MACD: Slightly bullish crossover (MACD: 46.0, DIF above DEA)

• Volume: Strong 24H volume; indicates significant participation.

Price Action:

• Price bounced off around $102,000, showing strong support.

• Faced resistance at $107,114 – recent high.

• Current price is consolidating slightly below local resistance at $105,743.

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Trade Signals

Scenario 1: Long Entry (Bullish Bias)

• Entry: $105,800 (on breakout above resistance)

• Stop Loss: $103,900 (below consolidation zone)

• Target 1: $107,500 (recent high)

• Target 2: $109,200 (potential next resistance)

Scenario 2: Short Entry (Bearish Rejection)

• Entry: $104,200 (if price gets rejected below $105,000)

• Stop Loss: $105,800

• Target 1: $102,200

• Target 2: $100,500

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Summary

• Bias: Mildly bullish unless BTC fails to break $105,800.

• Confirmation Needed: Breakout or rejection candle above/below key levels.

• Strategy: Wait for breakout or rejection, then enter with tight stop-loss and favorable risk-reward.