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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$BTC