Technical analysis of the $BTC /USDT 1-day chart from Binance:
1. Market Overview
Current Price: $102,532.56
24h High: $107,108.62
24h Low: $102,000.00
Volume (24h BTC): 34,359.91 BTC
Trend: Currently in a downtrend — price is declining.
Support Zone: Around $102,000 (tested recently).
Resistance Zone: Around $107,000 (recent high).
2. Indicators
MA(5): 16,665.64M
MA(10): 18,561.92M
Volume: Increasing at lower levels — possible accumulation.
3. Suggested Entry Strategy
If you're looking to go long (buy):
Entry Point: Around $102,000 – $102,500
(Very close to the current price and near strong support.)
4. Exit Strategy
Take Profit (TP): Around $106,500 – $107,000
(This is the recent high — a safe level to take profits.)
Stop Loss (SL): Around $100,500 – $101,000
(Below the support level — limits your loss if the price drops further.)
Risk-Reward Ratio
Risk: ~$1,500
Reward: ~$4,000
Risk-Reward Ratio: Approx. 1:2.6 (favorable)
