$BTC /USDT chart from Binance based on the 1-hour timeframe:

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🟢 Current price

$106,758.69

Up +1.38% in the past hour

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📊 Key Data

24h High: $106,785.71

24h Low: $104,494.53

24h Volume:

BTC: 8,743.29

USDT: 923.03M

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📈 Chart Observations

Recent Bottom: ~$102,664

Current Structure: BTC has broken above previous local highs and is pushing near the 24h high, showing bullish momentum.

Candle Pattern: Strong green candles forming higher highs and higher lows — clear signs of buying pressure.

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📉 Indicators

Moving Averages (MA):

MA(5): 431.28 (likely a volume-related average, not price MA)

MA(10): 438.66

Volume Spike: Big volume spike during the initial drop on June 13. Since then, volume is relatively stable with minor increases during the recent breakout.

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🔎 Performance

Today: +1.22%

Past 7 Days: +0.41%

30 Days: +2.96%

90 Days: +26.31%

1 Year: +61.40%

180 Days: Barely up (+0.18%), which shows that the current rally might just be recovering from a deeper consolidation.

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📌 Conclusion

BTC is currently testing a key resistance near its 24h high. If it breaks and holds above $106,785, it could make a move toward the previous major high around $108,450.

However, if it faces rejection here, it might retest support around $104,800–$105,200.

Would you like a short-term trade setup based on this chart?