$BTC Price & Trend Overview
BTC is hovering around $105,300, bouncing within a tight $104.8 K–$105.9 K range .
Binance’s automated TA shows bullish trends across 4‑hr, daily, and weekly charts based on the slope of the 50‑day and 200‑day MAs. RSI is neutral (30–70), and no divergence patterns yet .
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🔺 Resistance & Breakout Watch
Key resistance levels:
• Short-term: $108.5 K–$110 K – a close above here may trigger a bullish leg .
• Mid‑term: $112 K – previous ATH and psychological cap .
Bullish patterns:
Weekly chart shows a “bullish flag”, indicating room to climb toward $125 K in June .
MACD histograms expanding, RSI climbing—favors continuation if holding above $108.5 K .
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🔻 Support & Pullback Risk
Immediate support: around $104 K, then $103–$101 K .
A break below $103 K could trigger a deeper pullback toward $100 K or even $95 K .
Some analysts warn of possible deeper retrace toward $98 K if $102 K–$103 K support fails .
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⚖️ Indicators & Sentiment
MACD: bullish crossover with expanding histograms—suggests upward momentum .
RSI: neutral to slightly bullish (currently ~42–50), room for further upside before overbought levels .
Volume: consolidation phase accompanied with steady volume; breakout should be validated by a volume spike .
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🎯 Trading Strategies on Binance
1. Bullish Breakout Setup
Entry: On a daily 4‑hr or 1‑hr candlestick close above $108.5K–110 K with increased volume.
Targets: $112 K → $120 K → possibly $125 K.
Stop‑loss: Just below breakout zone (~$106 K).
2. Pullback Buy
Entry: On dip toward $104 K–$103 K with signs of reversal—bullish engulfing candle, RSI rebounds.
Targets: $108 K and $110 K resistance.
Stop‑loss: Below $101 K–$100 K.
3. Short/Bearish Scenario
Entry: If BTC breaks below $103 K on heavy volume.
Targets: $100 K → $98 K → $95 K.
Stop‑loss: Above $106 K–$107 K$BTC
105,214.78
+0.37%
