$BTC

Based on the provided BTC/USDT chart data, here are the key **support and resistance levels**:

### Resistance Levels (Price Ceilings)

1. **Immediate Resistance**:

- **$106,124.45** (Recent high near the current price)

- **$106,524.65** (24-hour high - strongest near-term barrier)

2. **Major Resistance**:

- **$107,000+** (Psychological level beyond the 24h high)

---

### Support Levels (Price Floors)

1. **Immediate Support**:

- **$105,334.20** (MA7 level - dynamic support)

- **$104,941.47** (Recent swing low on the chart)

2. **Strong Support Zones**:

- **$104,721.03** (MA25 - key trend indicator)

- **$104,370.48** & **$103,929.27** (24-hour low - critical demand area)

- **$103,799.50** (Chart low - last line of defense)

---

### Key Observations:

- **Moving Averages**:

- MA7 ($105,334.20) and MA25 ($104,721.03) are acting as dynamic support.

- Price above these MAs suggests short-term bullish momentum.

- **Volume**: Declining volume (MA5: 735k vs. MA10: 502k) hints at consolidation.

- **Price Action**:

- Bulls are defending **$104,370–$104,940**, while bears cap gains at **$106,125–$106,525**.

- A break above $106,525 could trigger a rally; failure to hold $104,720 may signal a deeper pullback.

### Recommendation:

- Watch **$106,525** for breakout confirmation.

- Monitor **$104,720** (MA25) for potential entry if price retests support.

> 💡 **Note**: These levels are derived from visible price action and MAs. For precision, confirm with additional tools like Fibonacci retracements or order book depth.