🧮 Key Technical Indicators & Levels
1. Technical summary:
On short time-frames (5-min, 15-min, 30-min), BTC shows a “Strong Sell” from the technical indicators.
On daily/weekly frames the trend is more neutral or even leaning “Buy” in the longer term.
This mixed picture suggests caution: intraday momentum is weak, but the medium term may still have upside.
2. Support & Resistance Levels:
Based on recent data:
Resistance: ~ USD 110,500, ~ USD 110,800, ~ USD 111,000.
Support: ~ USD 109,000, ~ USD 109,200, ~ USD 109,500.
Broader support zones: ~ USD 108,306 and ~ USD 105,911.
3. Market insights for today (short-term):
The price is hovering near the pivot level around USD 110,000, meaning it could go either way depending on volume and order flow.
Because the indicators on shorter time-frames are bearish, if BTC fails to hold the ~109 k support zone it may drop toward the next support around ~108k or lower.
If it can bounce and break above the ~110.8k–111k resistance zone with good momentum, that could trigger a short-term rally.
⚠️ Suggested Intraday Trading Setup (for your reference)
Entry for long (buy) scenario: Wait for a confirmed bounce off support ~109k with increasing volume, then target moves up toward ~110.8k–111k.
Entry for short (sell) scenario: If price breaks below ~109k (with momentum and no quick reversal), target next support ~108k or lower.
Stop-loss: For a long trade, place stop just below support (~108.8k); for a short trade, stop just above the resistance (~111.2k).
Time-horizon: Intraday (within the next few hours) given volatility and weak momentum.
Risk management: Use small size relative to your capital, since current signals are somewhat mixed.
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