#CryptoRoundTableRemarks Let's analyze the BTC/USDT daily chart (1D) you've shared from Binance:
🟡 Current BTC Price: $108,764.70
24H High: $110,400
24H Low: $108,412
Current price is slightly below the 24h high, indicating recent upward movement but some resistance.
🔍 Technical Indicators Overview
Moving Averages (MAs):
MA(7): 106,626.48 (Yellow)
MA(25): 106,903.38 (Pink)
MA(99): 93,524.51 (Purple)
🔹 Interpretation:
Price is above all three moving averages, indicating a bullish trend in the short, medium, and long term.
MA crossover happened earlier (7 > 25 > 99), typically a strong bullish signal.
📊 Support and Resistance Levels:
Immediate Support: ~$105,600 (previous resistance turned support)
Next Support Levels: ~$97,365, ~$89,122
Resistance: ~$110,400 (current 24h high), and a recent peak at ~$111,998
🔹 Interpretation:
BTC is testing a resistance zone (~$110,000–$112,000)
If it breaks this cleanly, bullish continuation is likely.
If rejected, pullback to $105k zone is possible.
📉 MACD (Moving Average Convergence Divergence):
MACD Line: 75.55
DIF (MACD): 1,431.33
DEA (Signal): 1,355.79
🔹 Interpretation:
MACD is above the signal line, and histogram bars are turning green again – bullish sign.
Momentum is recovering after a small correction.
🎯 Stochastic (KDJ):
K: 81.19
D: 68.44
J: 106.69
🔹 Interpretation:
K and J are in the overbought zone, suggesting that BTC might see a short-term pullback or consolidation before any further rally.
But it’s not yet a strong bearish signal — just a caution for short-term traders.
✅ Conclusion: BTC Trend
Overall Trend: Bullish
Short-Term Caution: Some overbought signals (KDJ), and strong resistance near $110k–112k.
Key Level to Watch: If BTC closes above $111,000, it confirms breakout continuation.
If it fails and drops below $105,000, the next major support is around $97k.
Let me know if you'd like a trade setup, risk management advice, or further breakdown of indicators!