$BTC

/USDT: Navigating the Support Zone โ€“ A Strategic Approach to the Next Move๐ŸŽฏ๐Ÿ“ˆ๐Ÿ“Š

Current Price: $104,845.85

24h Change: -1.45%

24h Range: $104,810.00 - $108,353.00

24h Volume: 30,797.18 BTC / 3.29B USDT

Technical Snapshot ๐Ÿ“Š

1. Trend:

Bearish with a -1.45% drop in the past 24 hours, showing some consolidation or pullback.

Price is testing support near $104,810, just above the recent low of $104,845.

2. Key Support:

$104,810 (recent low)

$103,000 (strong support level)

3. Key Resistance:

$107,000 (recent resistance)

$108,000 (24h high)

4. Indicators:

RSI: 47 (Neutral, waiting for direction)

MACD: Slightly bearish crossover, indicating potential for further downside.

Volume: High, reflecting substantial market interest.

Trade Strategy ๐ŸŽฏ

Entry Zone: $104,800 - $105,000 (Watch for signs of stabilization or reversal near support)

Stop-Loss: $103,000 (Protect downside risk)

Target Levels ๐Ÿš€

1. ๐ŸŽฏ Target 1: $107,000 โ€“ Immediate resistance retest

2. ๐ŸŽฏ Target 2: $108,000 โ€“ Next resistance zone

3. ๐ŸŽฏ Target 3: $110,000 โ€“ Extended bullish target

Trade Tip:

With the price near support, wait for confirmation of a reversal pattern (e.g., candlestick reversal or volume surge) before entering a long position. Adjust your stop-loss if the price fails to hold support.

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