$BTC (BTC) Technical Analysis
Current Price: $104,974 (+0.33%)
24h Volume: $18.5B
Market Cap: $2.086T
🔍 Key Technical Indicators & Patterns
📊 Momentum & Trend
RSI (66): Neutral but leaning bullish (not yet overbought).
MACD: Flatlining with minimal divergence—consolidation phase.
Moving Averages:
50EMA vs. 200EMA: Transitioning (no clear golden/death cross yet).
Price above 50EMA: Short-term bullish bias.📈 Volume & Liquidity
Steady volume ($18.5B) but no major spike—no strong institutional push yet.
High market cap ($2.086T) indicates strong holding sentiment.
🎯 Critical Price Levels
Immediate Resistance: $105,604 (breakout target).
Strong Resistance: $106,444 (stop-loss zone).
Support Levels:
$103,294 (take-profit level).
$102,000 (psychological support).
⚡ Trade Strategy (Neutral Bias, Awaiting Confirmation)
✅ Entry: Current price ($104,974) or pullback to $103,294 (if bullish).
🎯 Take-Profit (TP): $105,604 (1st target), $106,000 (2nd target).
❌ Stop-Loss (SL): $106,444 (if bearish reversal confirmed).
🔴 Bearish Scenario (If Breakdown Occurs):
A close below $103,294 could signal a drop to $102,000.
Watch for rising volume on red candles for confirmation.
🟢 Bullish Scenario (If Breakout Confirmed):
A strong close above $105,604 could push BTC toward $107,000.
Requires increased buying volume for validity.
📉
Key Levels:
Horizontal lines at $103,294 (support), $105,604 (resistance), $106,444 (stop-loss)
