📊 BTC/USDT Analysis (Binance, 15m)
Bitcoin is trading around 110,731 USDT, showing a daily low of 110,153 USDT and a high of 113,344 USDT.
Currently, the price is consolidating after a decline and forming a local bottom at the level of 110,630 USDT.
🔹 Technical Picture
The SAR indicator shows resistance from above (bearish signal).
Candles are fixing a series of short movements, indicating an accumulation phase.
The level of 110,500 – 110,600 USDT serves as local support.
The nearest resistance is 111,250 – 111,300 USDT.
🔹 Fundamentally
In the last 7 days, Bitcoin has gained +2.16%, and on an annual basis, the growth has amounted to +97.31%, confirming a strong long-term trend.
📌 Conclusion:
Currently, BTC is in a consolidation zone. If buyers hold the support level around 110,500 USDT, a bounce to 111,300 USDT is possible. In case of a breakdown downwards — risks of a decline to 110,000 USDT.
⚡The current situation is more favorable for a cautious accumulation of longs at supports, but the market remains volatile — stops are mandatory.
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