🟧 BTC /USDT — 1H Technical Breakdown
Current Price: $104,762.91
24H Change: +1.12% 📈
📈 Trend Summary:
BTC/USDT is attempting a recovery after a sharp drop to $103,371.02. While buyers are stepping in, the move still looks like a short-term relief rally as key moving averages sit overhead.
🔍 Moving Averages:
• MA 20: $105,085.43 — currently acting as intraday resistance.
• MA 50: $106,321.34 — above price, confirming downtrend pressure.
• MA 99: $105,793.86 — aligned near the MA20/50 cluster, forming strong resistance zone.
🧠 Key Observations:
• Bounce from $103,371 shows some buyer interest, but price is struggling to reclaim MA20.
• Volume has not significantly increased — momentum remains weak.
• A clean break above $105,800 is needed to shift the short-term trend.
🚩 TL;DR:
Trend: Minor recovery inside a broader downtrend
Resistance Zones: $105,085 → $105,800
Support Zones: $103,900 → $103,371
Breakout Watch: Needs strong push above $105,800 to flip structure bullish.
💡 Recommendations / Suggestions:
• Watch for breakout above MA cluster (~$105,800) before chasing upside.
• Conservative traders may wait for confirmed reclaim of MA50 for confidence.
• Failure to hold $103,900 may lead to retest of $103,371 or deeper drop.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Always trade responsibly and manage risk carefully.