$BTC

$BTC/USDT is currently trading at $104,481.02, reflecting a 3.95% increase, with a 24h range of $104,428.00 to $105,333.00. The order book shows robust support around $104,477.71 (bid) and resistance near $104,478.92 (ask), indicating a tight trading range. Trading volume stands at 18,933.59 BTC or $1.95B USDT, suggesting solid market activity.

However, the MACD indicates a bearish trend (DIF: -21.07, DEA: -68.37), hinting at potential short-term downward pressure despite the recent uptick. The chart shows a recent dip, with volatility evident, and some analyses suggest a possible pullback if it fails to break $105,000 resistance, aligning with bearish sentiment from web sources predicting targets as low as $99,000-$100,000 if support levels falter.

Critically, while the price rise is encouraging, the bearish MACD and declining momentum (noted in some social media posts) suggest caution. Support at $104,000-$103,000 is critical; a break below could see $100,000 tested. Conversely, a breakout above $105,500 might target $107,600-$110,000, though geopolitical uncertainties could cap gains. Long-term trends remain mixed, with some forecasts eyeing $137,000 by mid-2025, but short-term corrections seem likely given current indicators.

ADVICE : Traders should watch volume and key levels closely for confirmation. #BTC #CryptoTrading #MarketAnalysis