$BTC /USDT Trading Analysis & Strategy (Not Financial Advice)
Market Snapshot
Current Price: $108,513.10 (-2.21%, 24h)
24h Range: $107,316 – $111,800
Volume: 30,411.96 BTC / $3.33B USDT (Moderate liquidity)
Trend: Short-term bearish; mid-term support holding near $108K
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Technical Indicators
1. Moving Averages:
MA(7): $108,811 → Near-term resistance
MA(25): $110,144 → Strong resistance
MA(99): $108,373 → Key support (Price hovering around this level)
2. RSI(6): 35.75 → Near oversold, possible rebound
3. Volume: Declining against MA(5) & MA(10) → Momentum weakening
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Trade Ideas
Short-Term (Scalp/Swing)
Support Levels:
$108,000–108,500 → Potential dip-buy zone if RSI stays above 30
$107,316 (24h Low) → High probability bounce zone
Resistance Levels:
$108,811 (MA7) → First profit target
$110,144 (MA25) → Critical breakout level
Risk Strategy
Stop-Loss: Below $107,000 (24h low breakdown)
Leverage: Keep low – current volatility is elevated
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Mid-Term Outlook
Bullish Scenario: Breakout above $110,144 → Likely test of $112K
Bearish Scenario: Close below $107,316 → Downside to $105,280 possible
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Final Thoughts
Caution Advised: Market is in a reactive phase. Watch MA(99) and volume trends for confirmation.
Not Financial Advice: Always DYOR (Do Your Own Research).
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Disclaimer: This content is for informational purposes only. Past performance is not indicative of future results. Trade responsibly.