Technical Analysis $BTC
*1. Overview of Price and Recent Movement:**
- **Current Price:** **105,717.85 USDT**
- **Daily Change:** **-0.01%** (very slight decrease).
- **Daily High:** **105,900.20 USDT**
- **Daily Low:** **103,524.24 USDT**
- **Daily Trading Range:** between **~103,500** and **~106,000** (moderate volatility).
**Key Technical Indicators:**
- **2. Trading Volume (24 hours):**
- **884.57 million USDT**: Moderate volume, indicating good liquidity but without strong momentum.
- **RSI (Relative Strength Index):**
- **52.66%**: In neutral territory, not indicating overbought or oversold.
- **Liquidity (Order Book):**
- **Sell Orders (78.27%)** are concentrated around **105,680 - 105,681 USDT**, which may form short-term resistance.
- **Buy Orders (21.73%)** are lower, which may increase the likelihood of a drop if selling pressure increases.
**Market Sentiment:**
- **Change over 24 Hours:** **+1.39%** (slightly positive).
- **Power Index:** Not precisely defined, but the price is close to critical areas.
- **Sell/Buy Ratio:** Selling dominates at **78.27%**, which may pressure the price to drop.
**Forecasts and Potential Scenarios:**
#### **Bullish Scenario:**
- If the price breaks **106,500** and closes above it, it may target **107,000** then **110,000**.
- Needs an increase in trading volume and buying to support the rise.
#### **Bearish Scenario:**
- If the price breaks **105,000**, it may drop to **103,500** or **102,000**.
