๐จ $BTC
/USDT โ Under Pressure After Recent Rally? -1.06% Today! โ ๏ธ
Bitcoin is testing key support levels after a slight pullback. Is this a temporary correction or a sign of deeper retracement? Letโs analyze the charts.
๐ Market Overview
๐ Current Price: $104,711.71
๐ 24h High: $106,252.00
โ๏ธ 24h Low: $104,615.38
๐ฆ 24h Volume (BTC): 9,556.31
๐ฐ 24h Volume (USDT): $1.01B
๐ Technical Snapshot:
EMA & BOLL: Price near lower Bollinger Band, testing EMA support
Volume: High, but selling pressure evident
MACD: Weakening momentum, watch for potential bearish crossover
๐ $BTC Trade Setup โ Key Levels to Watch
๐น Bearish Scenario (If $btcBreaks Below $104,000):
Entry: Below $104,000
Targets: $102,000, $100,000, $97,500
Stop-Loss: $105,500
๐น Bullish Scenario (If $btcHolds Above $104,700):
Entry: Above $105,000
Targets: $107,500, $110,000, $115,000+
Stop-Loss: $104,000
๐ Trading Insights
โ Watch for support holding near $104,700 to avoid deeper sell-off
โ ๏ธ Volume spikes with price dips signal caution โ sellers may be gaining control
๐ก MACD and Bollinger Bands hint at possible short-term consolidation
๐ก Pro Tip:
Wait for confirmation of support or a strong bounce above $105,000 before adding longs. Risk management is key!
๐ข How are you positioning for BTC? Share your thoughts and strategies!
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