$BTC

Trend analysis over 24 hours:

1. General trend:

• The price has risen over the past 24 hours, starting from around 104,964 and reaching up to 106,320, then stabilizing close to the peak.

• The buying momentum was evident, but note the presence of candles with upper wicks (indicating selling pressure near the peaks).

2. Moving averages:

• The price traded above the three moving averages (MA7, MA25, MA99), which reinforces the upward trend.

• MA(7) = 106,084.58 (close to the current price) → Breaking it may give a signal for a slight correction.

3. Trading volumes (Volume):

• There was a significant increase in volume mid-period, then it clearly declined → indicating a slowdown in momentum, and it could be the beginning of a temporary pullback or consolidation.

🧭 Support and resistance over 24 hours:

• Nearest support: 105,800 → Dynamic support (MA25)

• Next support: 104,964 → Lowest point during the day

• Nearest resistance: 106,320 → Highest point during the day

• Next resistance: If 106,320 is breached, we might see 107,000 as a psychological and technical target.