Based on the Binance chart you’ve shared for BTC/USDT on the 15-minute timeframe, here's a brief technical analysis:
Price Summary
Current Price: $105,350
24h High: $105,548
24h Low: $102,761
Change: +2.19% (short-term rebound)
Indicators
1. Moving Averages:
MA(7): 105,011 — near current price
MA(25): 104,211 — below current price
MA(99): 105,521 — slightly above current price
This suggests a short-term bullish momentum, but MA(99) acting as resistance.
2. Candlestick Pattern:
A sharp drop occurred, followed by a consolidation and slight upward movement.
The green candles are small and weak after a heavy red trend — typical of a relief bounce, not a full reversal yet.
Buy/Sell Decision
Scenario 1: Conservative Approach (Safer Option)
Wait for breakout above MA(99) at 105,521 with strong volume before buying.
If price gets rejected there, consider short/sell on confirmation.
Scenario 2: Aggressive Short-Term Buy
You can consider a short-term buy if price sustains above 105,000 and breaks 105,550 with volume.
Set tight Stop-Loss due to recent volatility.
Stop-Loss & Target
Stop-Loss: 104,300 (below recent support and MA(25))
Target (Short-term): 106,000 – 106,500 range
Risk/Reward: Approx. 1:2 or better if entry is near 105,000
Caution
The overall trend in the 15m chart is still bearish, with only a small bounce.
If price falls below 104,200 again, expect further downside.
Would you like analysis for a longer timeframe (1h/4h/1D) to support a broader decision?
