$BTC $BTC /USDT Trading Signals

Timeframe: 15-minute chart

Current Price: 105,762.78

Price Change: +0.17 percent

Technical Overview

Trend Direction:

The price is trading above the 7-period, 25-period, and 99-period moving averages, indicating a short-term bullish trend. The moving averages are trending upward, confirming buying momentum.

Key Levels

Support Levels:

105,400 (near MA99 and recent consolidation)

104,494 (recent swing low)

Resistance Levels:

105,970 (recent high and price rejection point)

106,128 (24-hour high)

Volume Analysis

Recent volume shows a strong spike during the upward movement, indicating increased buying interest. The last red candle has relatively lower volume, which suggests the pullback may not have strong selling conviction.

Entry and Exit Strategy

Buy Entry Zone:

Between 105,400 and 105,600

Ideal entry is on a minor pullback or consolidation above MA99

Stop Loss Options:

Conservative stop loss: 105,070

Wider stop loss: 104,490 (below strong support)

Take Profit Targets:

First target: 106,000

Second target: 106,128

Third target: 106,300 to 106,500 if bullish momentum continues

Summary

The overall trend is short-term bullish.

A pullback to the entry zone may offer a good buying opportunity with relatively low risk.

$BTC