$BTC /USDT TECHNICAL ANALYSIS: BEARISH PULLBACK UNDER PRESSURE NEAR $108,474
The $BTC /USDT pair is currently trading at $108,474.22, experiencing a slight pullback of -1.07% over the last 24 hours. Despite today’s dip, Bitcoin maintains an overall positive trend with a 7-day gain of +3.36% and a strong 90-day increase of +34.26%.
📊 Key Price Data:
24H High: $110,392.01
24H Low: Not specified (approx. $108,000 area)
Volume: 13,390.36 BTC traded, equivalent to 1.47B USDT, signaling high liquidity and active trading.
🔍 Chart Insights (1H Timeframe):
Resistance: Strong resistance zone around $110,000 - $110,500, which has capped recent gains.
Support: Immediate support near $108,250 - $108,000, critical for maintaining bullish momentum.
Trend: Short-term bearish pullback within a longer-term uptrend, visible in daily and weekly timeframes.
🔮 Outlook:
Bullish Scenario: Holding support around $108,000 and breaking above $110,500 could reignite upward momentum toward $112,000 - $115,000.
Bearish Scenario: A break below $108,000 may trigger a deeper correction targeting $105,000 or lower support levels.
✅ Summary:
BTC shows resilience amid a minor retracement. Watch critical support at $108,000 and resistance near $110,500 to anticipate the next directional move in this highly liquid market.
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