Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT 4H
BITCOIN/TETHERUS Binance
Bitcoin prices hovered around $103,300, retreating from the $104,000 threshold seen in previous days and showing an overall volatile adjustment trend.
The market has experienced a notable correction recently, with prices dropping significantly from earlier highs, but currently stabilizing around $103,000.
Such fluctuations have left many investors confused about the price trend ahead.
Support and Resistance Levels
Technically, Bitcoin is facing key support and resistance levels. The lower support at $102,300 is critical: if prices hold above this level, the short-term decline may halt or even rebound. However, a break below this support could lead to further declines to test lower levels.
The upper resistance lies in the $107,000-$108,000 range, acting as a "wall" where prices have repeatedly stalled due to trapped positions and profit-taking pressure. For prices to continue rising, a successful breakout of this resistance zone is essential.
Technical Indicator Performance
Multiple technical indicators show bearish dominance in the market. Both MACD and RSI indicators signal bearish sentiment, implying short-term weakness may persist. Notably, prices are approaching oversold territory-similar to a spring compressed too far, Bitcoin may experience a technical rebound if the decline continues.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@102000~103000
SL:101000
TP:105000~106000
