šŸ” Recent Technical Snapshot of Bitcoin (BTC)

Here’s a breakdown of Bitcoin’s recent support and resistance levels, based on trading activity on major platforms like Binance, and what they could mean for the near term.

šŸ›”ļø Support Zones

Price recently bounced off ~$99,000 after a retest over the weekend — showing that this area is acting as a meaningful floor.

Another key support level identified is around $100,600, according to recent data — suggesting the ~$100 K area remains crucial.

Short-term support is cited near $101,450–$102,000, where buyers have repeatedly intervened.

🧱 Resistance Zones

On the upside, resistance is getting firm near $105,050 and $107,000, where previous rallies stalled.

A more extended resistance band appears in the vicinity of $108,500, which could cap further upside unless a decisive breakout occurs.

šŸŽÆ What to Watch

If BTC closes convincingly above ~$106,700, that could invalidate the current bearish structure and open a path toward the next resistance zone.

Conversely, if it breaks below ~$100,600, the next meaningful support zone might come into play and risk increases of deeper pullbacks.

Volume and on-chain behaviour also matter: recent exchange inflows of BTC suggest active profit-taking, which can pressure support zones.

šŸ“Œ Summary

Bitcoin is currently range-bound, trapped between roughly $100 K (support) and $107–108 K (resistance). Until the price breaks decisively one way or the other, expect trading to oscillate within that band. A breakout up could signal new bullish momentum; a breakdown may trigger more intense selling.

#bitcoin #Binance #BitcoinAnalysis #SupportAndResistance #BitcoinTechnical

BTC
BTCUSDT
95,002.3
-0.28%

Disclaimer: This is for informational purposes only and not financial advice. Always do your own research and consider risk management before making trades.

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