$BTC

🔍 Technical Overview (1H Timeframe)

📉 Price & Moving Averages:

Current Price: 104,601

MA(7): 104,555

MA(25): 104,483

MA(99): 105,402

➡️ The price is trading below the MA(99), indicating a medium-term bearish trend. However, it's hovering near MA(7) and MA(25), which suggests a consolidation phase.

📊 Support & Resistance:

Nearest Resistance: 105,400 (MA99 and previous supply zone)

Nearest Support: 103,300 (recent swing low)

📉 Volume:

Volume is decreasing and flat — this shows indecision in the market and no valid breakout yet.

📈 Indicators:

MACD: Histogram is approaching the zero line; a potential bullish crossover may occur if upward momentum continues.

RSI(6): 56 → Slightly bullish, not overbought, still room to rise.

Stoch RSI: 61 → Neutral to slightly bullish, no strong signal yet.

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📌 Summary & Plan:

BTC is currently in a consolidation phase after a strong drop from 108,900 to 103,300. If price breaks and closes above MA99 (105,400) with strong volume, it could signal a potential long entry. Failure to break could result in a pullback to the support area at 103,300.

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📣 Trading Strategy:

Long Entry: Only if price breaks and holds above 105,500 with strong volume.

Stop Loss (SL): Below 103,300

Take Profit (TP): 107,000 – 108,000 zone

Short Option: Consider shorting if price fails to break out and drops below 104,000 with increasing volume.