Here's a 15-minute chart technical analysis of BTC/USDT for today:

Follow us For Today Trading Setup 👍

Current Price:

$102,634.93 (Down 1.20%)

Key Observations:

1. Price Action:

BTC saw a significant drop to $100,718.37 (24h low), followed by a mild recovery.

Current price is attempting a rebound, but facing resistance from both the 25-period MA ($102,282.82) and the 99-period MA ($103,098.59).

2. Moving Averages:

MA(7): 102,561.45 (price slightly above, showing very short-term strength)

MA(25): 102,282.82 (just below current price; recent bullish crossover with MA(7))

MA(99): 103,098.59 (still above, acting as resistance zone)

The moving average alignment indicates a possible short-term recovery, but the overall trend remains cautiously bearish below the MA(99).

3. Volume:

Volume spiked during the sell-off to the $100.7K level.

Recent green candles are forming on lower volume, which implies that the buying pressure is weakening.

Support and Resistance:

Immediate Resistance: ~$103,100 (MA(99)), then ~$104,000 zone

Support Levels: $102,260 (MA(25)), $101,400, and critical at $100,700

Conclusion:

Short-term bias: Slightly bullish if price holds above $102,200, but limited upside unless BTC can break above $103,100 with volume.

Overall trend: Sideways to bearish below $103K on the 15-min chart.

Watch closely for: Candle close above 103K for upside continuation or rejection for another leg down.

Would you like me to include RSI/MACD analysis or a suggested trade setup? #BTC $BTC