$BTC

/USDT pair:

BTC/USDT Technical Analysis: Navigating the Current Range

As we enter a new trading period, Bitcoin (BTC) continues to hover around $106,168.86, reflecting a minor dip of -0.23% in the last 24 hours. Currently, BTC is testing support around $105,480, with resistance looming at $108,353.

Key Insights:

Current Price: $106,168.86

24h High: $108,353.00

24h Low: $105,480.02

24h Volume: 29,174.79 BTC (3.11B USDT)

Price Action: BTC has been consolidating within the $105,480 to $108,353 range. A break above $108,400 could signal a potential move toward $110,000, while a drop below $105,300 might test lower support levels.

Key Levels to Watch:

Resistance: $108,400, $110,000

Support: $105,300, $105,000

Keep an eye on volume trends and any market-moving news that could influence volatility. The current range could offer trading opportunities for those looking for short-term positions.

Stay tuned for more updates and trade smart!

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