$BTC Here's a technical analysis of the BTC/USDT chart
📈 BTC/USDT Daily Chart Analysis
Current Price: $105,512.20
Change: +1.08%
Volume (24h): 9,888 BTC
24h High / Low: 105,866.91 / 103,752.49
🔍 Technical Indicators:
Moving Averages (MA):
MA(7): 106,004.89 (Price below — short-term bearish)
MA(25): 105,937.13 (Price slightly below — neutral to slightly bearish)
MA(99): 91,813.06 (Price well above — long-term bullish)
Price Action:
BTC recently rejected from 111,980, forming a short-term downtrend.
Currently attempting a bounce from $101,558 support.
Daily candle is just under MA(7) and MA(25) — indicating resistance ahead.
Volume: Gradually declining — low momentum on both sides.
🟢 Bullish Signals:
Still above MA(99) – long-term bullish trend intact.
Previous major low of $101,558 held successfully.
RSI and MACD (not shown but assumed from structure) could be near oversold territory.
🔴 Bearish Signals:
Price below MA(7) and MA(25) – short-term downtrend continues unless reclaimed.
Lower highs forming since the $111,980 top.
Weak volume on green candles – buyers not showing strong conviction yet.
📊 Trade Plan:
✅ Buy Zone:
Accumulate near $103,500 – $101,500 range if support holds.
Look for confirmation above $106,000 (MA(7) reclaim) for safer long entry.
❌ Sell/Short Zone:
Near $107,300 – $108,000 resistance.
If price breaks below $101,000, expect possible fall toward $95,800.
🧠 Suggested Caption for Your Post (Binance Square/Trading Community):
> BTC/USDT Daily Chart Outlook 🚀📉
Bitcoin is showing a short-term downtrend under MA(7) & MA(25), but long-term structure remains bullish above MA(99). Strong support near $101.5K is holding, and bulls may step in if we reclaim $106K.
✅ Buy Zone: $103.5K – $101.5K
❌ Sell Zone: $107.3K – $108K
Watch volume & trend confirmation before entering!
📊 What's your next move — Long or Short?
