$BTC/USDT Technical Analysis: Key Support & Resistance Levels
📊 As seen in the current daily chart for BTC/USDT, Bitcoin is trading around $109,673.11, up by +1.80% in the last 24 hours. Let’s break down the support and resistance zones indicated:
🔺 Resistance Level
The chart shows BTC recently hit a high of $111,980, which aligns closely with the recent resistance zone. This level has previously rejected upward momentum, so traders should watch if BTC can break above this level with volume confirmation.
110,530.17 (24h high) is also a near-term resistance to monitor.
🔻 Support Levels
The first major support lies around the $106,860 level, which is the 24h low.
Below that, $103,627.88 and $98,986.74 serve as deeper support levels seen on the chart.
The 25-day moving average (purple line) at around $106,383.81 also acts as dynamic support.
📉 Volume & Momentum
The volume moving average (MA10: 13,256.70) shows declining volume, indicating a possible consolidation phase.
The MACD is currently negative (-11.74), but there's a slight recovery in histogram bars, which could hint at a reversal attempt.
📈 Conclusion BTC is currently bouncing near support and needs to break the $111,980 resistance for a bullish continuation. Watch for volume confirmation and MACD crossovers for stronger signals. If BTC fails to hold current levels, eyes should turn to the $106k–$103k support zone.
💬 What’s your take? Is BTC preparing for another leg up or cooling off before the next rally?$ETH