Immediate Technical Analysis for BTCUSDT After Recent Market Fluctuations
Current Price: 104734 USD
Highest Price in 24 Hours: 105325 USD
Lowest Price in 24 Hours: 103500 USD
Large Trading Volume: 13446 BTC in 24 Hours
Technical Indicators:
🔹 Bollinger Bands: The price is moving around the middle of the Bollinger Bands after bouncing from the low of 103371 with resistance at the upper limit of 105494, any breakout above this level may open the way towards 107000
🔹 RSI = 48.3: Currently in the neutral zone with no overbought indicators, allowing movement in both directions based on incoming liquidity
🔹 MACD: Shows the beginning of a bullish crossover on the 2-hour timeframe, which is an initial signal for the return of positive momentum
Current Trading Strategy:
Entry at: 104300 – 104500
First Target: 106800
Second Target: 109000
Stop Loss: 102800 below the last support
The strategy is short to medium term and it is preferable to use a trailing stop in case the first target is achieved
Impact #PowellRemarks may increase BTC volatility during this week according to developments in US interest rates, making risk management essential
