$WBTC /USDT

🟩 WBTC/USDT — Trade Setup

📌 Current Price: $104,524.56

24h Change: -0.80% 🔻

24h High / Low: $105,924.15 / $104,179.41

24h Volume:

WBTC: 45.31

USDT: $4.75M

Category: BTC Pegged / POW

🔑 Key Levels

TypePriceNotesResistance$105,717Minor resistance zoneResistance$106,271Previous supply areaResistance$106,826Depth sell wall (breakout level)Support$104,179Daily low, crucial for bounceSupport$104,053Extended base if weakness deepens

🧠 Sentiment

Price is near daily low, showing slight weakness in line with BTC spot drift.

Tight range between $104k–$106.8k; could trap both long and short chasers without confirmation.

📉 Trade Scenarios

🔁 Dip Buy Long

Entry: $104,000–$104,200

Target 1: $105,700

Target 2: $106,250

Stop-Loss: $103,700

Trade the daily low zone; invalid if it breaks down below $104k cleanly.

🔼 Breakout Long

Entry: $106,300+ with strong 15m close

Target 1: $107,400

Target 2: $108,800

Stop-Loss: $105,150

Requires BTC/USDT to confirm breakout as well — correlated.

⚠️ Avoid If:

Price closes under $104k with declining volume → signals deeper retracement.

BTC is losing 104k zone across major exchanges = global risk.

🧭 Summary

WBTC is mirroring BTC price action tightly.

Currently sitting on local support, but needs volume to retest $106K+ levels.

Best suited for quick bounce setups or confirmed BTC-led breakouts.

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