$BTC High alert update 📉📉
🚨 BTC/USDT Support & Resistance Levels – What’s Next? 🚨
📉 Bitcoin is currently trading at $105,909, showing a -1.33% drop on the daily chart. Let's break down what this means for traders and investors:
🔍 Key Levels to Watch:
📌 Immediate Resistance:
🟣 $108,000 - $110,500
Price recently tested this zone but failed to hold. It’s acting as a strong short-term resistance. Bulls need to break this for another leg up.
📌 Immediate Support:
🟡 $105,600 - $105,000
Bitcoin is hovering just above this zone. If it breaks below, we could see a test of deeper support.
📌 Major Support:
🟢 $98,200 - $95,500
This was the recent low and could act as a strong rebound area if price dips further.
📊 Volume Decline Alert ⬇️
The volume bars are shrinking — a classic sign of indecision or weakening momentum. Combine this with a bearish MACD crossover, and we might be looking at a short-term pullback if bulls don’t step in soon.
🧠 Strategy Tip:
💹 Watch for a breakout above $108K with strong volume for a bullish move.
🛑 A break below $105K could invite more downside — set stop-loss accordingly.
⚔️ Support and Resistance = Battle Zones
Smart traders use these zones to time their entries and exits. Don’t trade in the middle — trade the edge.$BTC