📊 BTC/USDT Support & Resistance Analysis 🧱

Current Price: $107,913.47 (-0.14%)

Bitcoin is moving sideways near key technical zones, showing signs of consolidation before its next big move. Let’s break down the support and resistance levels based on the current chart:

🔍 Key Resistance Zones:

📌 $108,203 – $110,530: Price has tested this range multiple times but failed to break through. A breakout above could trigger strong bullish momentum toward $111,146 and beyond.

📌 Watch for a daily close above $110,000 to confirm continuation.

🛡️ Key Support Levels:

📍 $106,707 – EMA-25 (Pink Line): A reliable dynamic support holding well so far.

📍 $105,259: Previous resistance turned support — important to maintain bullish structure.

📍 $102,316 – $98,200: Major zone to watch if correction deepens; buyers previously stepped in here aggressively.

📈 Indicators to Watch:

EMA-7 and EMA-25 are crossing positively, indicating short-term bullish strength.

MACD is still above the signal line, but volume is fading — caution warranted.

Price is currently balancing on the EMA-7, suggesting indecision.

🔔 Conclusion:

BTC is in a crucial zone between support and resistance. Breakout above $110K = 🚀 potential. Breakdown below $105K = possible deeper pullback. Stay alert, manage risk, and follow the trend.📈#MuskAmericaParty