Tip For the Day Guy
(BTC/USDT – 15m Chart)
📉 Current Trend:
Price is below all MAs, and short-term MA(7) is curling down, suggesting momentum is slowing.
The price tested the MA(99) but failed to break above — this indicates strong resi
stance around 105,160–105,300.
There's a bearish divergence forming (price rising slightly, but volume declining).
🧠 Interpretation:
The chart shows a temporary recovery after a strong downtrend, but it struggles to sustain the breakout above moving averages.
Sellers are stepping in at resistance, and volume does not support continuation upward.
This signals weak bullish momentum and a potential pullback or sideways consolidation.
🔮 Possible Next Move:
✅ High probability of:
Short-term pullback toward support at 104,000–103,800 if price fails to reclaim 105,200+.
If 104,800 holds as support with rising volume, we could retest 105,300 and push toward 105,700+.
💡 Recommendation:
📌 Don’t Enter Yet – wait for confirmation:
ScenarioActionSignal to WatchBreak below 104,800 with volume✅ Consider shortBearish engulfing candle, high red volumeBreak above 105,300 with volume✅ Consider longGreen candle closes above MA(99) with rising volumeSideways (no breakout)❌ Stay outChoppy movement, low volume, no clear direction