$BTC Technical Analysis for
$BTC /USDT
Market Overview & Key Levels
Current Price: $105,939.49 (+3.67%)
24H Range: $101,400.01 - $106,457.44
Key Support Levels:
$101,658 – Local support, previous bounce area.
$97,185 – Stronger support, confluence with previous lows.
Key Resistance Levels:
$106,457 – Immediate resistance (24H high).
$109,588 – Major swing high, potential breakout zone.
Trend & Indicator Analysis
Short-Term Bullish: +3.45% daily increase, breaking resistance zones.
Mid-Term Strengthening: 7-day (+1.54%), 30-day (+12.89%) gains indicate steady growth.
Long-Term Uptrend: 144.13% yearly increase shows continued bullish momentum.
Order Book Data: Buyers dominate (64.02% bid vs. 35.98% ask), favoring further upside.
Trade Setup & Execution Plan
Primary Long Trade (Bullish Breakout Play)
Entry: $105,800 - $106,000
TP1: $107,500 (Short-term push)
TP2: $109,500 (Major resistance)
TP3: $110,600+ (Psychological level)
SL: $103,500 (Below recent support)
Alternative Long Entry (On Dip)
Entry: $101,700 - $102,000 (Support retest)
TP1: $104,500
TP2: $106,500
SL: $100,000
Short Trade Setup (If Rejected at Resistance)
Entry: $106,500 - $107,000
TP1: $104,000
TP2: $102,000
SL: $108,000
Alternative Short Setup (Breakdown Confirmation)
Entry: Below $101,500
TP1: $98,500
TP2: $96,500
SL: $103,000
Adaptive Strategy: If BTC consolidates around $105,800, a breakout towards $109,500 is likely. If it struggles, a pullback to $102,000 offers a better long entry.
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