#BTC
technical analysis of BTC/USDT based on your uploaded chart:
- **Current Price**: $106,642.80 (-0.85%)
- **Key Moving Averages**:
- MA(7): 107,585.13 (short-term trend)
- MA(25): 108,740.87 (medium-term trend)
- MA(99): 106,619.13 (long-term trend)
- **Resistance Levels**:
- 108,891.91 (24-hour high)
- 111,980.00 (historical resistance)
- **Support Levels**:
- 106,474.00 (24-hour low)
- 74,620.00 (historical support)
- **Volume Trends**:
- 24H Volume: BTC - 17,969.21 | USDT - $1.94B
- Increasing/decreasing volume could signal price action strength or weakness.
The current price is hovering around the long-term MA(99), indicating a potential support zone. If it holds, a rebound could be likely, but a breakdown below could invite further downside.
Let me know if you'd like a deeper breakdown or a focus on specific indicators!