Overview

  • Current Price: ~$108,870

  • 24h High/Low: $109,506 / $106,800

  • Volume: ~16,992 BTC

  • Trend Context: $BTC is currently consolidating after a recent drop from the $111,000+ zone.


1-Hour Chart Analysis

Key Observations:

  • Price Movement: $BTC is ranging sideways between $108,400 and $109,200.

  • Bollinger Bands:

    • Upper Band: $109,552

    • Lower Band: $107,335

    • Middle Band (MB): $108,443

  • Price is hovering near the middle band, indicating low volatility and indecision.

  • Support Zone: $107,300 – $107,700

  • Resistance Zone: $109,300 – $109,600

Indicators:

  • Volume: Low volume with weak momentum.

  • MA(5) & MA(10): Flattening, signaling consolidation.

4-Hour Chart Analysis

Key Observations:

  • Price Movement: BTC retraced after a sharp rally to $111,980 and is now attempting recovery.

  • Bollinger Bands:


    • Upper Band: $112,407

    • Lower Band: $106,994

    • Middle Band (MB): $109,701

  • BTC is struggling below the middle band, showing weakness.

  • Support Zone: $106,800 – $107,000

  • Resistance Zone: $109,700 – $110,000

Indicators:

  • Volume: Declining from recent spikes.

  • MA(5) & MA(10): MA(5) is trying to cross above MA(10), a potential bullish sign.

  • Candle Structure: Several bottom wicks show demand near $107K.

Technical Summary

IndicatorSignalTrendNeutral to Slightly BearishMomentumWeakVolatilityContractingBiasRange-bound

Investment Insight

  • Short-Term (1–3 days): Wait and watch. Sideways consolidation may continue.

  • Medium-Term (1–2 weeks): Potential breakout if BTC can reclaim $109,700 with volume.

  • Long-Term: Still bullish if price holds above $106,000; broader structure favors uptrend continuation.

Trading Strategy

Scalp/Day Trading (1h Chart):



  • Buy: Near $107,500–$107,800 (support zone)

  • Sell: $109,200–$109,500

  • Stop-Loss: Below $107,200

Swing Trading (4h Chart):

  • Entry Long: If price breaks above $109,700 with volume

  • Entry Short: If price rejects $109,700 with strong bearish candle

  • Targets:

    • Long: $111,000 / $112,400

    • Short: $106,800 / $105,000

  • Risk Management: 2–3% stop-loss depending on volatility

Conclusion

Bitcoin is at a critical point. The short-term structure suggests range trading, but volatility is contracting—hinting at a potential breakout in the coming sessions. Traders should stay alert for a move above $109,700 or below $107,300 to confirm the next big direction.

#BTC #cryptowhales69