$BTC

1. Support and Resistance Analysis

• Daily Resistance Levels (according to Barchart):

• R1 ≈ 106,339 USDT

• R2 ≈ 108,173 USDT

• R3 ≈ 111,110 USDT  

• Support Levels:

• S1 ≈ 101,567 USDT

• S2 ≈ 98,630 USDT 

A clear structure for trading within a defined range – as current trading near 105,700–106,000 indicates a potential implicit breakout or limited retracement.

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🔍 2. Technical Indicators and Analyses

• Many are watching for a breakout of the 105,800 level, which is a short-term resistance point:

• If broken: opens the door for a potential rise towards 107,500–109,000.

• If it remains below: continued downward pressure towards more suitable support levels (~103,900)  

• The RSI indicator is moving towards neutral values (>50), which may indicate a bullish reversal if used with other confirmations.

• BTC broke the two-week downtrend line and retested it as support on the daily timeframe, which is a positive sign but needs confirmation with a daily close above it.