๐Ÿšจ $BTC

/USDT โ€“ Under Pressure After Recent Rally? -1.06% Today! โš ๏ธ

Bitcoin is testing key support levels after a slight pullback. Is this a temporary correction or a sign of deeper retracement? Letโ€™s analyze the charts.

๐Ÿ“Š Market Overview

๐Ÿ“ Current Price: $104,711.71

๐Ÿ“ˆ 24h High: $106,252.00

โ„๏ธ 24h Low: $104,615.38

๐Ÿ“ฆ 24h Volume (BTC): 9,556.31

๐Ÿ’ฐ 24h Volume (USDT): $1.01B

๐Ÿ“‰ 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

๐Ÿ“‰ $BTC Trade Setup โ€“ Key Levels to Watch

๐Ÿ”น Bearish Scenario (If $btcBreaks Below $104,000):

Entry: Below $104,000

Targets: $102,000, $100,000, $97,500

Stop-Loss: $105,500

๐Ÿ”น Bullish Scenario (If $btcHolds Above $104,700):

Entry: Above $105,000

Targets: $107,500, $110,000, $115,000+

Stop-Loss: $104,000

๐Ÿ” Trading Insights

โœ… Watch for support holding near $104,700 to avoid deeper sell-off

โš ๏ธ Volume spikes with price dips signal caution โ€” sellers may be gaining control

๐Ÿ’ก MACD and Bollinger Bands hint at possible short-term consolidation

๐Ÿ’ก Pro Tip:

Wait for confirmation of support or a strong bounce above $105,000 before adding longs. Risk management is key!

๐Ÿ“ข How are you positioning for BTC? Share your thoughts and strategies!

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