$BTC USD Update — Sudden Drop to $105.213
Period: 15 minutes | Trend: Bearish Correction
🔍 Technical View:
Current Price: $104.996 (down 2.44%)
24h Range: $102.664 – $107.966
Trading Volume: 3.05B USDT — indicating strong selling pressure.
Moving Averages:
MA(5): $143.41 — sharply down
MA(10): $208.04 — crossing below MA(5), indicating bearish momentum
MA(99): $104.996 — now acting as resistance
Candlestick patterns show lower highs and lower lows, with significant red candles confirming the ongoing correction.
🔑 Key Zones:
Support: $104.118
A break below $104.800 could trigger a swift move towards $102.600.
📈 Short-term Outlook:
If $104.800 is breached, expect a rapid decline towards $102.600.
If prices remain above $105.200, a bounce back towards $106.000–$106.400 is possible, but only if volume turns bullish.
