$BTC

BTC/USDT Technical Analysis (15m timeframe)

Current Price: $104,984.08

24h High: $108,450.16

24h Low: $102,664.31

Change: -1.88%

🧠 Key Observations:

🔺 Resistance Levels:

$105,434.34 – Local high, tested recently but failed to break.

$105,516.92 – Overhead resistance zone from previous highs.

🔻 Support Levels:

$103,782.75 – Strong near-term support.

$102,664.31 – 24h low, major support if trend weakens.

📈 Trend:

The chart shows a V-shaped recovery from the $103,782.75 support level.

Recent candles indicate buying strength after a short-term downtrend.

Price is forming higher lows, hinting at bullish momentum.

📉 Bearish Risk:

Failed breakout at $105.4K could trigger another retest of $104K–$103.7K zone.

If it breaks $103.7K, the next support is near $102.6K.