Based on the 15-minute BTC/USDT chart from Binance you've shared, here's a quick technical analysis:
📊 BTC/USDT Technical Analysis (15m timeframe)
Current Price: $104,984.08
24h High: $108,450.16
24h Low: $102,664.31
Change: -1.88%
🧠 Key Observations:
🔺 Resistance Levels:
$105,434.34 – Local high, tested recently but failed to break.
$105,516.92 – Overhead resistance zone from previous highs.
🔻 Support Levels:
$103,782.75 – Strong near-term support.
$102,664.31 – 24h low, major support if trend weakens.
📈 Trend:
The chart shows a V-shaped recovery from the $103,782.75 support level.
Recent candles indicate buying strength after a short-term downtrend.
Price is forming higher lows, hinting at bullish momentum.
📉 Bearish Risk:
Failed breakout at $105.4K could trigger another retest of $104K–$103.7K zone.
If it breaks $103.7K, the next support is near $102.6K.
🧩 Indicators Suggest:
Short-term bullish reversal after a pullback.
Traders might be eyeing a breakout above $105.5K.
If global tensions (e.g., #IsraelIranConflict) persist, expect increased volatility.
🔄 Strategy:
Scalp trade between $104K and $105.5K with tight stop-loss.
Watch volume: Increased volume near $105.5K may confirm breakout.
Use stop-loss below $103.7K if holding long.
