BTC Technical Analysis Update
Key Observations:
1.Moving Averages (MA):
MA(7):107,876.19 (Short-term trend support)
MA(25):107,921.21 (Near-term dynamic resistance)
MA(99):107,994.82 (Long-term bullish baseline)
Price > All MAs: The current price is above all three MAs, indicating a bullish trend. However, the proximity to MA(25) suggests potential short-term consolidation.
2.Recent Price Action:
High: 108,561.44
Low (Session): 106,871.17
Range: ~1,690 points, showing volatility. The price rebounded strongly from the day’s low, reinforcing bullish sentiment.
3. Volume & Momentum:
Current Volume: 52.13 (below average)
MA(5) Volume: 80.45
MA(10) Volume: 85.79
Divergence: Low volume during the rise suggests cautious participation. Watch for volume spikes to confirm trend strength.
Critical Levels:
Support: 107,209.23 (recent swing low) → Breach could target 106,871.17.
Resistance:108,561.44 (current high) → Breakout may aim for 109,000+.
Outlook:
Bullish Scenario: Hold above MA(7) (107,876) to maintain upward momentum. A volume-backed break above 108,561 could accelerate gains.
Bearish Risk: Close below MA(25) (107,921) may trigger profit-taking, testing 107,209 support.
Action:Monitor volume and price reaction at MA(25). Consider partial profits if resistance holds, or add longs on confirmed breakout with rising volume.
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