๐Technical Analysis $BTC : All you need to know
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๐ Key Observations
1. Buy Signal (Early)
Location: Around 103,000
Volume: Increasing modestly
Price Action: Consolidation breakout leads to strong bullish move
Next move: Clean breakout through resistance zone
2. Sell Signal (Top)
Location: Just above 106,000
Volume: Spike and exhaustion visible
Price Action: Double top rejection โ strong downward momentum
3. Breakdown & Sell-Off
Volume: Heavy selling (-6639.67 volume)
Price Drop: Sharp dump from 106,000 to ~102,800
Trend: Bearish flip confirmed after rejection from resistance
4. Second Buy Signal
Location: Near support (~102,800)
Volume: 1146.91 (moderate support activity)
Price Reaction: Gradual recovery with higher lows
5. Current Price
Range: Around 103,730
Trend: Sideways-to-slightly bullish (small higher highs and higher lows)
Resistance Ahead: ~104,200โ104,500
Support Below: ~103,000โ102,800
๐ Technical Signals
Short-Term Trend: Reversal attempt from oversold zone
Momentum: Rebuilding after major dump
Bias: Bullish as long as it holds above 103,000
๐ Trade Idea
Possible Long: If price holds above 103,500 with volume pickup
Target: 104,200 / 104,500
Stop-Loss: Below 103,000
Caution: Resistance is strong above 104,500; look for volume confirmation
