$BTC Market Update 🟢

Current Price: $115,260.24 (+4.56%)

Key 24h Statistics:

· 24h High: $115,963.81

· 24h Low: $109,600.00

· 24h Volume: 32,268 BTC ($3.65B)

Technical Analysis Overview

$BTC is showing strong recovery momentum with a solid 4.56% gain, successfully defending key support levels and challenging important moving average resistance.

· EMA7: $117,134 → Approaching this resistance

· EMA25: $116,205 → Immediate resistance above

· EMA99: $115,468 → Price testing this critical level

Critical Price Levels

Resistance:

· Immediate: $115,468 (EMA99)

· Strong: $116,205 (EMA25)

· Major: $117,134 (EMA7)

Support:

· Immediate: $111,437

· Strong: $109,600 (24h Low)

· Critical: $106,113

Market Outlook & Price Action

BTC demonstrates impressive resilience with strong bullish momentum:

· Recovery Confirmed: +4.56% bounce from $109,600 support

· Volume Support: $3.65B volume validates the move

· Key Test: Battling at crucial EMA99 resistance

Trading Scenarios

Bullish Breakout:

Clear break above$115,468 could target $116,205-$117,134 resistance zone

Resistance Rejection:

Failure at EMA99 may lead to retest of$111,437 support

Consolidation Phase:

Range formation between$111,437 - $115,468 possible

Summary

$BTC is at a critical technical juncture after the strong recovery bounce. Key observations:

1. Successful defense of $109,600 support level

2. Testing major resistance at EMA99 ($115,468)

3. Strong volume confirmation of buying interest

The battle at the EMA99 level will determine whether this is a true trend reversal or just a relief rally. A daily close above $115,468 could signal the resumption of the broader uptrend.

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