๐ Current Observations:
1. Price: BTC is currently trading at 109,352.20 USDT.
2. Trend: Recent candles show a pullback after a strong bullish move.
3. Resistance: Reached a recent local high of 109,700, indicating short-term resistance.
4. Support Zone: Around 108,700 โ 109,000, where the price bounced earlier.
5. Volume: Declining slightly, signaling potential consolidation or weakening momentum.
6. Indicators:
Bollinger Bands are slightly expanding โ potential for more volatility.
MA(5) and MA(10) are close but upward sloping โ minor bullish bias.
RSI not shown, but visually it seems BTC is not yet overbough