BTC/USDT Technical Analysis – 1D

The trend is strong, but signs of fragility are increasing...

🔹 Price Action Summary:

BTC tested the resistance of 108.468$ with a sharp rise at the beginning of May.

It was rejected at this level and the price is currently consolidating around 107.500$ .

In daily candles, upward momentum is weakening. If RSI and volume analyses do not accompany this, such regions may serve as warnings before a breakout.

⚠️ Possible Downward Scenarios:

1. Dropping below 107.006$ (Beginning of Weakness)

This level is a short-term support and a previous high-volume trading area.

If it breaks below, a rapid drop to $103.194 may be observed due to stop-loss triggers.

2. Loss of 103.194$ (Trend Weakens)

This level is both structural support and a previous consolidation area.

A daily close below this: may signal the beginning of a downward trend.

Target: $94.569

3. Testing 94.569$ and 84.569$ (Major Support Test)

These may be buying zones for medium-term investors.

However, a drop to these levels may indicate that the market has entered a controlled liquidation process by major players.

4. 76.233$ (Worst Case Scenario – Including Macro Risks)

If a catalyst is needed such as macro negative news flow, ETF cancellation, regulation, or global crisis, this area could be a structural bottom.

To summarize:

The upward trend has not been broken, but each new high is coming with weaker momentum.

Volume divergence, RSI divergence, and the possibility of liquidity hunting should be considered.

If we see closures below 107K, positions should be protected, and a hedge or gradual selling strategy should be implemented.

OF COURSE, THIS IS NOT INVESTMENT ADVICE 💚