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๐ BTC Technical Overview
Current Price: $104,691.75
24h High: $108,674.45
24h Low: $103,371.02
Volume (BTC): 19,235
Recent Low: $100,372.26
Recent High: $111,980
๐ Chart Analysis (Daily Timeframe):
โ Bullish Signs:
Strong bounce from ~$100,372, which suggests this level is acting as short-term support.
The latest green candles indicate buying pressure near support.
MA(5) and MA(10) are close together, hinting at a potential short-term crossover, often a bullish signal.
โ Bearish Risks:
BTC is failing to close above $108,000, which is becoming a resistance zone.
The previous rally got rejected at $111,980, showing sellers are still strong.
Volume is not confirming a strong breakout yetโwatch closely for a surge.
๐ Next Likely Move (Short-Term Prediction
ScenarioTriggerTargetProbability๐ Bullish BreakoutBreak above $108,000$111,000 โ $112,000Medium๐ Bearish PullbackClose below $103,000$100,000 โ $98,500Low to Medium๐ Sideways ConsolidationStuck between $103Kโ$108KNeutral ZoneHigh
โ My Strategy Suggestion:
Swing Trader: Consider buying near $103,000 with tight stop-loss (~$100K). Target $108Kโ$111K.
Long-Term Holder: Sit tight. Trend still looks structurally bullish on macro timeframes.
Scalper: Watch for breakout candle above $108,000 or drop below $103,000 to catch a move.