$BTC /USDT Market Snapshot
1. Market Overview
Bitcoin is maintaining bullish momentum after holding above $103,000. The current price sits at $105,220.92, with volume at 12,505.73 BTC and $1.31B USDT. Price action is now testing key resistance around $106,000 — a critical level for confirming short-term trend continuation.
2. Technical Insights
A. Trend Analysis
• Short-Term (15m–4h): Bullish
• Medium-Term (1D): Uptrend with higher lows
• Momentum: Positive, with strong buying interest and stable volume
B. Key Levels
• Resistance: $106,000 (key barrier), $108,000 (minor zone), $110,000 (target)
• Support: $104,500 (consolidation floor), $103,400 (recent low), $102,300 (breakout base)
C. Momentum Watch
Buyers remain in control, but struggle at $106,000. A daily close above this level could open the door for a move toward $108,000–$110,000. Rejection may lead to short-term pullback into the $103,500–$105,500 range.
3. Sentiment and Outlook
The broader sentiment is cautiously bullish. If volume sustains and $106,000 breaks, indicators are likely to confirm the continuation of the current uptrend. Otherwise, price may enter a consolidation phase.
4. Strategy Notes
• Bullish: Break and hold above $106,000 could target $108,000–$110,000
• Bearish: Failure at resistance may push price to retest $104,500 or $103,400
