Analysis of the #BTC /USDT on Weekly Candle 🔥
Current Price
BTC/USDT = $103,139.55
24h Change = +0.46%
24h High = $103,709.86
24h Low = $102,612.50
Volume (24h) = ~10,178 BTC
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Key Resistance Levels
1. $106,833.24 – Strong resistance from a previous high.
2. $109,588.00 – Multi-week top; next target if bullish breakout continues.
3. $112,617.40 – Major resistance; a breakout above this could initiate a strong rally.
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Key Support Levels
1. $102,339.00 – Immediate support; price recently tested and is holding above.
2. $100,455.28 – Important psychological and historical support.
3. $84,730.36 – Previous demand zone and strong support.
4. $74,422.95 – Mid-term trend support.
5. $64,992.74 – Long-term support zone.
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Chart Patterns & Candlestick Observation
Weekly Candle is currently bullish and above major support at $102,339.
Strong bullish momentum from recent bounce around the $85k–$87k area.
No clear bearish divergence, suggesting continuation is likely in the short term.
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Moving Averages
MA(5) = $130,635 and MA(10) = $159,106 – These are significantly above the current price, indicating that BTC is still in a corrective phase from previous highs but has started a recovery rally.
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Trading Strategy Insights
Bullish Bias above $102,339.
Breakout confirmation above $106,833 could lead toward $109,500 and beyond.
Watch for rejection near $106k if momentum fades.
Ideal buy entry would be on a retest and bounce from $100,455 or $102,339 with tight stop-losses.
