#BTC ๐ฌ๐ง [BTC/USDT Update โ May 21, 2025]
๐ Current price: 106,409.09 USDT (+1.04%)
๐ BTC just slightly broke above the MA60 (106,394) โ a positive sign, but volume is weakening, showing market indecision after yesterdayโs spike.
๐ Technical Analysis:
โข MA(5) and MA(10) are starting to slope upward again but remain below MA60.
โข Volume is significantly down (~0.02 BTC), suggesting a cooling-off period.
โข BTC is testing the MA60 area โ a crucial short-term resistance level.
๐ฎ Forecast:
๐ Holding above 106,400 may lead to a test of 107,300.
๐ Falling below 106,000 might send BTC back to 104,200 โ 104,500.
๐ Suggested short-term strategy:
Consider a small long position if BTC confirms MA60 as support, with stop-loss under 106,000.
โ ๏ธ This is for informational purposes only, not financial advice.