📉 BTC/USDT Technical Analysis

Price: $105,692.66 | Daily Change: +0.14%

Status: Consolidation with potential breakout setup

🔍 Support & Resistance Levels

• Immediate Resistance:

• $106,222 – 25-Day Moving Average

A breakout above this level could open the path to:

→ $108,172 (minor resistance)

→ $111,980 (previous swing high)

• Immediate Support:

• $104,692 – 7-Day MA

Holding this level is critical to maintain bullish structure.

• Major Support Zone:

• $103,555 – $98,938

A key demand area from previous consolidation and bounce.

📊 Technical Indicators

• MACD:

Still bearish at -518.48, but showing signs of flattening—watch for crossover potential.

• Volume:

Gradually declining, indicating low volatility before a potential breakout.

• Moving Averages:

Price is consolidating just beneath the 25-day MA—a break above this could trigger momentum buying.

⚠️ Key Insight

If Bitcoin closes above $106,222 with volume confirmation, we could see a renewed bullish leg toward $108K+.

However, a drop below $104,692 increases the probability of a retest of the deeper $103K–$99K support zone.

📌 Watchlist Levels:

• Bullish Breakout: $106,222+

• Breakdown Risk: Below $104,692

Stay alert. The next move could be fast and decisive.

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