Hello Binance Square fam! Let’s drill into the BTC/USDT daily chart, uncovering crucial levels, trend setups, and a clear strategy to navigate the current market.
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📊 1. Current Price & Market Dynamics
Live Price: Around $103,918, reflecting a ~2.8% drop in the last 24 hours and ~5.6% dip this week .
Volume: Trading activity is subdued today (~$92M vs 24‑h avg of ~$1.31B)—suggesting weak buyer interest .
Momentum: MACD is bearish (DIF < DEA), highlighting ongoing downward pressure .
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🛠️ 2. Support & Resistance Zones
🟢 Resistance Levels
7‑day EMA: ~$105,791
Recent High: ~$106,795
Next Fib/Grid Resistance: ~$108,000–$109,200
🔴 Support Levels
Intraday low: ~$104,872
25‑day EMA: ~$104,700
Key lower supports: ~$103,117 → ~$101,700–$103,000 → ~$97,000
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🔍 3. Trade Setups & Tactical Plan
✅ Bullish Scenario (Swing Long)
Entry:
Breakout above $105,791 + bullish MACD crossover
Or bounce from $104,700 EMA25 with RSI above 50
Targets:
1. Partial take at $106,500
2. Higher targets: $107,500–$108,000
Stop Loss: Below $104,500
❌ Bearish Scenario (Short or Protective)
Entry:
Rejection around $105,700–$105,800 with bearish RSI (<45)
Breakdown below $104,872 + volume spike
Targets:
1. $104,000
2. $103,117
Stop Loss: Above $106,000
🕓 Expected range: ~$104,500–$106,500 with slight bearish tilt unless volume confirms bull momentum .
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📈 4. Wider Market Context & Indicators
Reclaiming 25‑day MA would boost the bullish case, opening paths to $107K+ and possibly $111K .
Fibonacci resistance zones sitting around $107K–$109K are key for upside continuation .
TipRanks’ composite view: Short‑term mixed, but long-term moving averages lean bullish, with MACD signaling buyer interest .
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🧭 5. Strategic Takeaways for Binance Square Fam
Play smart: Let price either break above $105,791 with volume or bounce at $104,700–$104,872 before entering.
Volume is king: Monitor for >$1B volume on breakout to confirm momentum .
Manage risk: Place stops tightly around EMA/low levels.
Scale in & out: Fade resistance zones ($106,500–$108K) and trail profits if mid-term breakout occurs.
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✨ Final Word
Bitcoin is currently in a bearish-leaning consolidation, bounded between ~$104,700 (EMA25) and ~$105,800 (EMA7). A decisive break above $105.8K with strength could reignite a rally toward $108K–$109K. But if support falters, we could retest $103K or even dip toward the next big support zones around $101K or $97K.
Stay disciplined, let volume guide you, and trade with confidence on Binance. Let me know if you want deeper on-chain picks or altcoin spotlight next!