$BTC 🔍 Technical Analysis – BTC/USDT

Current Price:

$106,971.87 (down -2.07% today)

24h Range:

• High: $110,392.01

• Low: $106,874.47

Volume (24h):

• BTC: 17,077.94

• USDT: 1.86B

Moving Averages (MA):

• MA(5): 16,555.57

• MA(10): 13,699.89

• MA(60): 107,108.39

Price is currently below the MA60, indicating a bearish pressure in the short term. The daily candle shows high volatility with a sharp dip and partial recovery, reflecting buyer attempts to defend key support near $106,800.

⸻

📈 Trend & Momentum

• Volume Spike: A large red candle with high sell volume suggests recent selling pressure or a liquidation event.

• Short-term MAs (5 & 10) are quite flat and tight, signaling low short-term momentum.

• Price dipped below MA60 but remains close, so the trend is not strongly bearish — more likely consolidating.

⸻

🧠 Market Sentiment & Broader Context

• BTC is still up 60.89% YTD and 32.28% over 90 days, showing the macro trend remains bullish.

• Today’s drop may be a healthy correction or part of a broader risk-off move linked to external factors (e.g., rate policy, regulation, or geopolitics).

💡 Strategy Suggestion

• For short-term traders: Avoid entering while in the neutral zone. Wait for a confirmed break above MA60 with volume for a potential long, or break below $106,500 for a short.

• For long-term investors: Consider this drop as a potential dip-buy opportunity only if price stabilizes above $106,800 with solid volume and positive macro signals.