$BTC BTC/USDT

Chart Details

Timeframe: 15 minutes (short-term analysis)

Current Price: $107,164.82

Change: +1.23%

Indicators:

MA(7): 107,007.55

MA(25): 107,742.79

MA(99): 107,186.28

Volume Moving Averages: MA(5) and MA(10)

RSI(6): 49.11 (neutral zone)

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Observations

1. Support & Resistance:

Support: Around $106,115.35 (recent local low)

Resistance: Around $108,952.38 (24h high), and $107,742.79 (MA25)

2. Moving Averages:

Price is currently below the MA25 and MA99, indicating short-term weakness.

However, the price is hovering around the MA(7), which shows short-term stabilization or possible reversal.

3. Volume:

Moderate volume with a recent spike. No extreme buying/selling pressure currently.

4. RSI:

RSI is at 49.11, close to neutral (50), suggesting no strong momentum in either direction yet.

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Short-Term Outlook

Neutral to Slightly Bullish Bias if the price can hold above $107,000 and reclaim MA(25).

A break below $106,000 could trigger further downside.

Watch for volume confirmation before entering any position