Analysis of the BTC/USDT pair
📉 Market Alert! Bitcoin breaks $100,300 and rebounds strongly
📊 Technical analysis of BTC/USDT (8h Chart – Binance)
The price of Bitcoin fell to a low of $100,305 in the last 24 hours, marking a strong bearish pullback. However, the asset managed a technical rebound and at the time of capture is trading at $103,954, which represents a slight recovery although it maintains a decline of -1.37% in the last hours.
🔍 Key signals on the chart
Parabolic SAR (yellow dots): The bearish trend remains active, although it begins to show signs of reversal with the last strong green candle.
Moving averages:
MA(5): $68,550.99 — Still below the current price, indicating that the market is attempting to position itself above the short-term average.
MA(10): $55,822.75 — Far from the price, reflecting recent volatility.
Explosive volume: Abrupt increase in buying volume after hitting bottom at $100K. This suggests institutional interest or whales buying the dip.
📌 What could happen now?
Bitcoin must consolidate above $104,000 to confirm a possible short-term trend change. If the support at $100,000 is broken again, we could see declines towards lower levels.
🧠 Quick conclusion:
Key support: $100,000
Immediate resistance: $105,616
SAR indicator still bearish, but with potential for reversal
Volume suggests strong buying pressure in the lower zone
📲 Do you think BTC will recover this week or will we see another drop?
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