BTC/USDT Technical Analysis $BTC
Current Price: $105,524.72 (+0.09% in 24h)
📊 Key Levels & Indicators
1) Resistance:
- Immediate: $105,702.86 (tested recently)
- Major: $106,794.67 (next hurdle)
2) Support:
- Near-term: $104,289.93
- Strong: $102,877.00 (critical hold for bulls)
3) Moving Averages:
- MA(7): $105,777.11 (acting as resistance)
- MA(25): $104,760.70 (dynamic support)
- MA(99): $106,168.55(long-term trend barrier)
Price Action:
- Consolidating between 24h low $104,964.14 and high $106,488.14.
- Current price trades below MA(7) but above MA(25), signaling short-term bearish pressure but medium-term bullish structure.
📈 Trend & Momentum
- Volume: 24h vol at 9,639.59 BTC ($1.02B USDT), indicating moderate interest.
- MACD/RSI/KDJ: Not shown, but watch for:
- Bullish confirmation: Break above $105,700 + rising volume.
- Bearish risk: Close below $104,290.
📈 Long-term Trend:
- +35.87% (90D)/+51.93% (1Y) – Macro uptrend intact.
🎯 Trading Strategy
1) Bull Case:
- Break above $105,777 (MA7) targets $106,795, then ATH.
- Stop-loss: Below $104,290.
2) Bear Case:
- Failure to hold $104,760 (MA25) risks drop to $102,877.
3) Neutral Play:
- Range trade between $104,290 - $105,700 until breakout.
⚠️ Critical Watch
- Bitcoin dominance and macro catalysts (e.g., Fed policy, ETF flows).
- Volume surge on breakouts for confirmation.
👉🏻 Verdict: Consolidation phase – bias bullish above $104,760, but breakout needed for momentum. Trade with tight stops!
👉 Your Move: Scalp the range or wait for $105,700+ breakout!
💬 Share your take below!
Disclaimer: Not financial advice. DYOR
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