$BTC
Technical Analysis $BTC : Everything You Need to Know
Key Takeaways
1. Buy Signal (Early)
Location: Around 103,000
Volume: Moderate Increase
Price Action: Breakout from consolidation leads to strong upward movement
Next Move: Clean breakout through resistance area
2. Sell Signal (Top)
Location: Just above 106,000
Volume: Visible increase and exhaustion
Price Action: Double top rejection → Strong downward momentum
Current Price
Range: Around 103,730
Trend: Sideways to Slightly Upward (small higher highs and higher lows)
Resistance Ahead: ~104,200–104,500
Support Below: ~103,000–102,800
📈 Technical Signals
Short-term Trend: Attempting a reversal from the oversold area
Momentum: Rebuilding after a significant drop
Bias: Bullish as long as it stays above 103,000
🏁 Trading Idea
Potential Short: If the price stays above 103,500 with increasing trading volume
Target: 104,200 / 104,500
Stop Loss: Below 103,000
Caution: Strong resistance above 104,500