$BTC #BTCUSDT Deep Dive š
Traders, letās unpack the Bitcoin/Tether (BTC/USDT) pairāthe crypto marketās primary benchmark. At roughly $105,794, BTC has edged up ~0.2% today, showing resilience after bouncing off the $104Kā$105K support zone . This $BTCUSDT pair is not just a price trackerāitās a sentiment gauge. Higher trading volumes (currently around 12,500āÆBTC / $1.3B USDT) highlight strong participation .
Technical snapshot:
Shortāterm structures favor bullsā15āÆmin to 4āÆhr charts show bullish signals .
Critical levels: support near $105,300ā$105,400, resistance looming at $105,800ā$106,000 .
Indicators like MACD crossover and Parabolic SAR on 1āÆhr chart are turning bullish .
Price action outlook:
A sustained break above $106K could fuel a wave toward $108Kā$110K, driven by shortāsqueeze potential .
A dip below $105.2K might trigger a retest of $104.5K or even a deeper pullback to $104K .
Pro tip: Watch volume spikes at key zonesāif price retests resistance with low volume, thatās a red flag. Conversely, a breakout on strong volume is a signal to ride the momentum.