🕵️‍♂️ BTC Technical Snapshot — Calm Before the Storm?

After reaching a local high of $110,680, $BTC has been consolidating in a narrow range, currently sitting at $104,767. Let's break down what the chart is telling us:

📉 Price Action:

The sharp dip to $100,410 was quickly bought up, marking a strong support zone.

Price is now sandwiched between the 25-day MA ($104,599) and 99-day MA ($105,480), indicating indecision and a potential setup for a breakout.

📊 Volume:

Volume has declined significantly post-spike, typical of a consolidation phase.

Watch for a volume surge — it often precedes big moves.

📈 MACD:

Still below the zero line but recovering, signaling weakening bearish momentum.

A bullish crossover occurred recently — a signal to watch for a potential trend reversal.

📉 RSI:

Hovering around 50, neither overbought nor oversold.

Slight bullish divergence visible, which could fuel an upside breakout.

🧠 Key Takeaways:

Support: $100,410

Resistance: $106,200 - $107,500

A confirmed break above $107K on strong volume could open the door to retest $110K.

A breakdown below $103K would invalidate the bullish thesis.

⚖️ Strategy Thoughts:

This is a classic range-trade opportunity for swing traders:

📌 Buy near support, sell near resistance.

📌 Watch the MAs for a decisive cross.

📌 Keep an eye on macro news — low volatility doesn’t last forever.

What’s your play here? Patience before the pump, or short the top of the range? 🤔👇