BTC/USDT – Key Levels Update (15m Chart)
Current Price: $83,800
Trend: Short-term bearish (-1.58% decline)
Support Zone:
$83,260 – Strong recent bounce point; potential demand zone.
Watch for price action here – a break below could accelerate downside.
Resistance Levels:
$84,200 - $84,300 – Previous consolidation area with heavy selling pressure.
$86,100 – Recent high and key resistance. If broken, could open path to bullish continuation.
Demand Zone:
Strong buy volume observed around $83,260.
Buy/Sell Volume: Buy 519.9 vs Sell 390.6 – buyers showing interest near support.
Other Insights:
MACD shows bearish momentum.
Moving Averages (MA5, MA10, MA30) are aligned downward, confirming short-term pressure.
Outlook:
Keep an eye on $83,260 for support confirmation. A bounce could offer scalping opportunities. Watch $84.3K+ for potential breakout levels.