$BTC

[Technical Analysis] BTC/USDT – What Should I Do Today?

I'm currently tracking BTC/USDT and evaluating the best move using Fibonacci retracement, Moving Averages, and Wyckoff principles. Here's the technical breakdown:

Market Trend:

Current price: $103,773 USD (as of May 16, 2025)

Bitcoin is showing a short-term bearish trend after failing to hold above $105,000.

MA5 and MA10 are flattening; MA30 is slightly downward, suggesting consolidation.

MACD is neutral to slightly bearish. Volume is decreasing → indicating indecision or lack of demand.

Fibonacci Key Levels (based on recent swing low $95,000 and high $108,000):

0.382 Fib: ~$102,000 → Minor support

0.5 Fib: ~$101,500 → Support zone

0.618 Fib: ~$101,000 → Key support

If $101,000 breaks down, price could revisit $95,000

Wyckoff Phase:

Price appears to be in a reaccumulation or consolidation range between $101,000–$105,000.

No strong signs of demand absorption yet; need to watch for breakout or breakdown confirmation.

My Strategy:

If price holds above $101,000: watching for bounce back to $105,000–$108,000

If price breaks below $101,000 with volume: avoid entries, wait for new structure

If price reclaims $105,000+ with strength: potential long entry toward $110,000+

Decision Pending:

Currently not buying, waiting for a clearer structure or breakout above key levels.

Open to feedback from anyone following BTC/USDT. What’s your view?