๐ Technical Analysis โ $BTC /USDT (15m Chart)
As per the chart you shared:
Current Price:
๐น $105,919.26
๐น Change: +0.33%
๐ง Key Observations (Short-Term - 15min)
1. Support & Resistance:
Immediate Support: $104,494 (recent low)
Immediate Resistance: $106,013 (recent high)
BTC rebounded strongly after testing the $104,494 level.
2. Candlestick Pattern:
Strong bullish candles in the last few intervals indicate recovery momentum.
Price attempted a breakout above $105,900, slightly rejected at $105,941.
Volume suggests buyers stepped in after the dip below $105K.
3. Trend Direction:
BTC shows a short-term uptrend, bouncing from a local bottom with higher highs and higher lows forming.
If BTC closes above $106,000 on the next few candles, further bullish continuation could follow.
4. Volatility:
The range between $104,494 and $106,128 shows narrow consolidation but with sharp swingsโindicating potential breakout or fakeout.
๐ฎ Short-Term Outlook:
If BTC sustains above $105,700โ$105,900, expect a potential breakout towards $106,500+.
Failure to hold this level may send BTC back toward $105,000 support.
