💰 $WBTC /USDT Market Snapshot

📅 May 29, 2025 | 16:30 UTC

🔸 Current Price: $107,520.82

🔻 24h Change: -0.71% — slight correction after testing higher resistance levels.

🏷️ Token Type: Wrapped Bitcoin (WBTC) — 1:1 pegged to BTC, bringing Bitcoin liquidity to DeFi platforms.

🔍 Key Market Stats

🔼 24h High: $108,769.11

🔽 24h Low: $106,670.01

📊 24h Volume (WBTC): 83.91

💵 24h Volume (USDT): $9.04M

$WBTC

is trading in a narrow range today after a recent high. The dip is modest and follows a broader Bitcoin market consolidation — typical before a breakout or deeper retracement.

📈 Order Book Highlights (Binance)

Resistance Zone:

 🔹 $108,552 – $108,832

 Sellers active just below the recent high.

Support Levels:

 🔹 $107,428 – $106,670

 Buyers are stepping in, defending the recent floor.

🧠 Technical Outlook

MA/EMA: Price is hovering near short-term averages — neutral trend.

MACD: Slight bearish divergence — caution for bulls.

RSI: Mid-range, suggesting indecision (likely ~50–55).

SAR & BOLL: Tightening range may hint at a breakout brewing.

🔮 What’s Next?

While WBTC is experiencing slight downside today, the overall structure remains resilient. If BTC gains strength, WBTC could retest $109K+. Conversely, a drop below $106.6K may lead to a deeper pullback toward $105K.

🔔 Watch for a breakout above $108.8K or a breakdown below $106.6K to gauge short-term direction.

#WBTC #Bitcoin #CryptoMarket #DeFiLiquidity #MyEOSTrade