BTC/USDT Technical Analysis – Educational Review
🔹 Current Observation:
Bitcoin price trades around $107,844 (+0.77%), showing recovery from the recent low near $100,372. The market is forming a potential mid-term corrective structure between key support at $100,372 and resistance at $111,880.
📊 Key Technical Levels:
🔸 Support Zones:
$107,484 (minor intra-day support)
$106,126 (0.382 Fib retracement of last upward leg)
$104,768 (key technical support – Gann & Time Confluence)
$103,249 (medium-term strong base)
$100,372 (major structural daily/weekly support)
🔸 Resistance Zones / Potential Targets:
$109,417 (near-term resistance – tested multiple times)
$111,880 (key structural resistance – breakout needed for bullish confirmation)
$114,756 – $118,991 (mid-term target zone based on Fib 0.618 – 0.786)
$120,925 – $123,387 (long-term potential targets if bullish breakout sustains)
⚠️ Risk Assessment:
Failure to break above $111,880 may trigger deeper correction toward $106,126 or $104,768.
Daily close below $103,249 could invalidate the bullish structure and reopen downside risk toward $100,372.
Time-based cycle convergence near late June may drive sharp moves – up or down.
📈 Technical Outlook:
4H Chart: Neutral to mildly bullish, resistance at $109,417.
Daily Chart: Bullish bias holds if above $104,768.
Weekly Chart: Long-term uptrend intact, supported by macro fundamentals (rate cut expectations, institutional demand).
✨ Educational Note:
Classical and time-based technical analysis emphasizes structure, price levels, and time-price synergy (e.g., Gann, Fib clusters) rather than only indicators.
Key watch: price behavior near $111,880 and possible June time cycle convergence for next major move.
📚 For Discussion & Learning Purposes Only:
This is not financial advice – just personal market observations for technical discussion.
Always manage risk and validate analysis with your own research!