$BTC Quick Technical Analysis Current Price: ~104,466 USDT
Recent Low: 98,890 USDT (strong support)
Resistance: 105,000 → 106,500 (EMA 12 and EMA 20)
RSI: around 44–47 → slightly neutral to bullish (room to go up)
Trend: Short-term recovery after a dip; price is testing EMA resistance.
📈 Recommended Setup (Short-Term Swing) ➡️ Position: LONG (Buy) Because $BTC has bounced strongly from the 98,800 support and is trying to reclaim EMA 12 and EMA 20 — if it closes above 105,200, momentum may continue upward.
🟩 Entry: Between 104,200 – 104,600 USDT
🎯 Take Profit (TP):
TP1 = 106,000 (near EMA 20 resistance)
TP2 = 107,500 – 108,000 (next resistance zone)
🛑 Stop Loss (SL): Below 102,800 USDT (if it closes below this, momentum weakens)
Risk-to-reward ratio ≈ 1:2 — acceptable for a daily setup.
⚠️ Alternative (if rejection at EMA 20) If BTC gets rejected from 106,500 and fails to hold 104,000, then:
#$BTC has bounced from $98,890 (a strong support zone).
The last few candles show bullish momentum with green bodies closing higher each day.
The next major resistance zone is around $107,000 – $108,000, where EMA20 sites.
If broken, $BTC could retest $112,000 – $119,000.
On the downside, support lies around $102,000 and $99,000. Short-term (1–3 days): Bullish bias if price stays above $105,500.
Medium-term (1–2 weeks): Needs a daily close above $107,000 for a stronger bullish trend.
Bearish invalidation: A break below $102,000 would cancel the current rebound and reopen $98,000 support. #BTC #BTCAlert #TrendingTopic #cryptouniverseofficial #analysis $BTC @bibi