As of May 23, 2025, Bitcoin (BTC) is trading at approximately $109,513 on Binance.

Technical Analysis (BTC/USDT):

Short-Term Trend: Neutral to slightly bullish.

Key Exponential Moving Averages (EMAs):

EMA7: $111,189.1

EMA25: $111,028.0

EMA99: $109,958.0

The alignment of these EMAs suggests upward momentum.

Volume: Current volume is below the 5-day and 10-day moving averages, indicating low short-term momentum.

Key Levels:

Support:

EMA25 at $111,028.0

EMA99 at $109,958.0

Resistance:

Recent high at $111,341.8

Psychological level at $112,000

Trading Strategy:

Bullish Scenario: If the price holds above EMA7, a break above $111,341.8 with increasing volume could target $112,000 and potentially $113,500.

Stop Loss: Consider placing below EMA25 at $111,028.0.