๐ $WBTC /USDT โ Wrapped Bitcoin Up +1.32% | Holding Ground Below Resistance ๐
PรฎWrapped Bitcoin ($WBTC) trades near $107K with modest strength. Bulls reclaim short-term support but face resistance at $109.6K. Directional breakout incoming?
๐ Market Overview
๐ Current Price: ~$106,937.50
๐ 24h High: $109,609.88
โ๏ธ 24h Low: $105,102.26
๐ 24h Vol (WBTC): 168.34
๐ต 24h Vol (USDT): $18.11M
๐ Moving Averages
MA(7): $107,638.01
MA(25): $106,889.67
MA(99): $104,956.03
Volume MA(5): 21.84
Volume MA(10): 11.84
RSI(6): 45.22 (neutral)
๐ WBTC Trade Setup โ Hovering Below Resistance
๐น Bullish Scenario
Entry: $107,000
Targets: $108,300 โ $109,600 โ $110,000+
Stop-Loss: $105,200
๐น Bearish Scenario
Entry: $106,800
Targets: $105,100 โ $103,200 โ $101,600
Stop-Loss: $108,000
๐ Momentum Snapshot
๐จ RSI at 45 = Neutral, sideways potential
๐ฅ Price below MA(7), but above MA(25) = Range-bound
๐ Volume remains light; watch for breakout confirmation
๐ก Key Levels to Watch
Sustained move above $109.6K may open the path to retest $112K. On the flip side, weakness below $105K could invite deeper pullbacks. Consolidation zone tightens.
๐ข Leaning long or prepping for rejection?
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