$BTC
Based on the data in your screenshot, here are the **key support and resistance levels** for BTC/USDT:
### Resistance Levels (Price Ceilings - Sell Pressure)
1. **$106,128.57** (24h High)
*Strongest immediate resistance.*
2. **$106,246.04** (MA-99)
*Major resistance - aligns with a key long-term moving average.*
3. **$108,205.90** (Unlabeled Peak)
*Significant psychological resistance if price breaks above MA-99.*
### Support Levels (Price Floors - Buy Pressure)
1. **$105,178.61** (MA-25)
*Immediate support - tested recently.*
2. **$105,145.88** (Current Price)
*Critical short-term support - holding here prevents further drops.*
3. **$104,300.00** (24h Low)
*Major support - breach could trigger stronger downside momentum.*
### Key Observations:
- **Moving Averages:**
- Price is currently **below MA-7** ($105,331.55) → bearish short-term signal.
- Trading **above MA-25** ($105,178.61) → potential support.
- Well **below MA-99** ($106,246.04) → confirms strong resistance overhead.
- **Market Sentiment:**
Minimal 24h change (+0.13%) suggests consolidation near $105k.
- **Volume:**
Relatively low 24h volume (7,164 BTC) indicates lack of conviction → levels may be tested.
### Trading Strategy:
- **If price holds $105,150:** Watch for break above **$105,331** (MA-7) to target **$106,128**.
- **If $105,150 breaks:** Next support at **$105,000** (psychological level), then **$104,300**.
- **Resistance trades:** Consider shorting near **$106,128** or **$106,246** with tight stops.
> ⚠️ **Note:** These levels are derived from *static snapshot data*. For live trading, confirm with:
> - Order book depth (visible in your "Depth" tab)
> - Real-time candlestick patterns
> - Volume spikes at key levels
Would you like me to explain how to use moving averages for dynamic support/resistance?