$BTC /USDT โ Daily Chart Outlook
Bitcoin Stalls Below $105K โ Key Test Ahead
๐ Market Snapshot:
Bitcoin is currently trading at $100,910, down -1.18% on the day, struggling to reclaim the short-term moving averages. After a strong run to ~$110K, price momentum is cooling off.
๐งญ Trend Signals:
MA 7 ($103,888) and MA 25 ($105,278) are both overhead, acting as short-term resistance.
MA 99 ($95,755) remains intact and is a critical long-term support.
The current price action is forming a lower high, indicating caution is warranted.
๐ฏ Key Levels:
Support 1: $98,000 (psychological and recent bounce level)
Support 2: $95,750 (MA 99 โ trend-defining)
Resistance 1: $103,900 (MA 7)
Resistance 2: $105,300 (MA 25 and key breakout level)
๐ Outlook:
If BTC fails to reclaim $105K soon, downside pressure could increase toward $98K or lower. A clean break above $105K could resume the uptrend, targeting $110K+.
โณ Wait for clear direction โ momentum has paused, and volatility may spike on macro news.
โ๏ธเฅ Risk: Use proper risk management โ 3xโ5x leverage recommendedโ๏ธ
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