#BTCUSDT
Overall bullish trend remains intact as price is trading above the 200-day moving average (blue line) and the long-term ascending trendline (red R2).
Resistance (R1): Around $107,000, price is currently testing this level and facing selling pressure. A breakout above this could lead to a new bullish leg.Support (S1): $93,000 – A key support level and confluence zone with the red ascending trendline (R2). A drop to this level could offer a potential bounce if buyers step in.
(S2): Around $48,000, a distant but historically significant support zone in case of a major correction.
Bullish Bias above $93,000, with upside continuation likely if $107,000 is broken.
Caution if price closes below $93,000 – could signal deeper retracement.
