$BTC is trading slightly above the 7-period moving average but below the 99-period MA, which could act as a significant resistance zone.BTC recently bounced from $101,412, confirming it as strong support. The MACD is showing signs of a potential bullish crossover, which could indicate a short-term recovery.
Short-term Trend: BTC has found support around $101,412, with potential upside toward $102,239 - $102,600.
Bearish Confirmation: A drop below $101,796 could lead to retesting the $101,412 support.
Bullish Confirmation: A break above $102,600 could push BTC toward $103,125+.
Trading Strategy:
Long Position: If BTC holds $101,796 and breaks $102,239, targeting $102,600+.
Short Position: If BTC rejects $102,239 and falls below $101,796, targeting $101,412.
Support & Resistance Levels
Resistance:
102,239.25 (Short-term)
102,588.57 (Previous high)
102,682.29 - 103,125.32 (Strong resistance zone)
Support:
101,796.21 (Immediate support)
101,412.00 (Key support, 24H low)
101,353.17 (Major support level)
