๐Ÿ” Current Snapshot



  • Price: $104,887.21


  • Recent Low: $103,371.02


  • Recent High: $108,952.38


  • Current Candle: Green (buying pressure)


  • Volume: Uptick in volume on the green candle


  • Order Book Bias: 56.29% Buy vs 43.71% Sell (bullish tilt)


๐Ÿ“Š Key Observations




  2. Support & Resistance



    • Strong support near $103,500 โ€“ bounced back from this level.


    • Resistance around $106,700โ€“$109,000.



  4. Candlestick Pattern



    • A possible bullish reversal setup is forming after a drop.


    • The current green candle with high volume suggests buyers are stepping in.



  6. Volume



    • Recent spike in buy volume supports a potential short-term rebound.



  8. Moving Averages



    • MA(5): 2479.85 and MA(10): 2688.91 โ€” short-term MA crossover might indicate temporary recovery but still needs confirmation.


๐Ÿ”ฎ Next Likely Move


Short-term (next 4โ€“12 hours):



  • Likely upward movement towards $105,500โ€“$106,000 if buying volume continues.


  • Watch for rejection near $106,700, a key resistance.


If Price Fails to Hold Above $104,000:



  • Expect a retest of the $103,500โ€“$103,000 support zone.



๐Ÿ› ๏ธ What You Can Do



  • Long Entry Idea: If BTC holds above $104,500 with continued volume, consider a tight stop below $103,500.


Short Entry Idea: If it faces strong rejection at $105,500-106000 with bearish candel formation