$BTC
Pair: BTCUSDT
Current price: $106,766
Immediate support: $106,515
Nearby resistance: $107,884
Approximate daily range: $106,500 – $108,000
Instant recommendation:
Buy:** When the price breaks the level of $107,200 with high trading volume
Sell:** When approaching resistance $107,800 – to take some profits
Stop Loss (SL):** Below $106,400
📈 Current technical outlook:
RSI (14): Around 50 – neutral leaning towards bullish
MACD: Light crossovers on the chart – indicating a balance between buying and selling forces
Moving averages (5/20/50): Show moderate short-term selling pressure, while longer averages support the bullish trend
Trend on 5 minutes: Neutral to bullish as long as the price is above $107,200
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🔮 Forecast for the next hour:
60% chance to test the resistance level at $107,884 within 1–2 hours, provided that the level of $107,200 is maintained as support.
A firm break of resistance may lead to a rise towards $108,500
However, breaking the support at $106,515 may push the price down to $106,200 before any potential rebound.
Risk management tips:
Trade size: Use only 10–15% of capital
Split the trade: Part for the first target and part for profit at the next resistance
Always set a stop loss to protect capital from market fluctuations
Do you expect BTC to surpass 108k today?
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