$BTC /USDT TRADING ANALYSIS
Current Price: $104,263.28
Technical Summary (15-Minute Chart):
Key Indicators:
MA(7): 104,508.33
MA(25): 104,600.74
MA(99): 104,600.27
Price Action:
24h High: $105,220.00
24h Low: $103,929.27
Recent Low (Candle Wick): $104,150.00
Current Candle: Strong bearish movement; breaking below recent support near $104,441.84
Trading Signals:
Signal: Short / Sell Bias
Price is trading below the short-term (MA7), mid-term (MA25), and long-term (MA99) moving averages.
Recent strong red candles indicate strong downward momentum.
Increasing red volume bars confirm selling pressure.
Entry Level:
Sell Entry (short-term): Around $104,500 – $104,400
Stop-Loss: Above $104,900
Take-Profit: Near $103,900 – $104,000
Additional Notes:
The market shows downward momentum, with key moving averages above the current price.
A break below the 24h low ($103,929.27) could trigger more selling.
Volume indicators support bearish continuation in the short term.
