$BTC btc/usdt showing steady momentum - here's the setup..#BTC
The king coin is trading at $104,497 (+1.4%) with some interesting technicals:
- Trading between 100,372 (24h low) and 105,333 (24h high)
- Currently testing middle bollinger band (~104,500)
- RSI at neutral 56-58 (room to move)
- Volume remains healthy at $2.45B 24h
Key patterns emerging:
1) Bullish case:
- Holding above 104k support
- MACD histogram improving
- Potential test of upper bollinger (107-111k)
2) Caution signs:
- Rejection at 105,333 resistance
- Some divergence in volume MA's
- Still below recent highs
Critical levels:
- Support: 103,432 (middle bollinger) / 100,372
- Resistance: 105,333 / 107,124 / 111,252
For traders:
- Longs: Wait for clear break above 105,333
- Shorts: Only below 103,432 with confirmation
- Scalpers: Range play 103k-105k
Market context:
- POW coins showing strength
- Watch for volatility protection triggers
- Overall trend remains bullish but extended