Technical Analysis For BTCUSDT Perp
1. Price Action & Key Levels
Current Price: $103,195.80
24h Range: $102,700.0 (Low) to $104,085.0 (High)
Mark Price: $103,197.0 (very close to Last Price, indicating minimal funding rate impact)
Support Levels:
- Immediate: $102,700 (24h Low)
- Strong: $98,400.61 (1D level)
Resistance Levels:
- Immediate: $104,085 (24h High)
- Strong: $110,000 (1h level)
2. RSI & Momentum
RSI(6): 75.75 (Overbought territory), suggesting a potential short-term pullback or consolidation.
Volume: Moderate (1,076,399.6149 USDT), but lower than MA(5) and MA(10), indicating weakening momentum.
3. Moving Averages
MA(5): 1,385,213.9325 (Price below, short-term bearish signal)
MA(10): 1,508,145.5854 (Price below, medium-term bearish signal)
4. Depth & Liquidity
Liquidity clusters around $98,400 (support) and $110,000 (resistance).
Trading Strategy
Scenario 1: Short-Term Pullback (Bearish Bias)
Entry: Near $103,200 (current price) or if rejection occurs at $104,085
Stop Loss: $104,200 (above 24h High)
Take Profit:
- TP1: $102,700 (24h Low)
- TP2: $98,400 (1D support)
Scenario 2: Breakout (Bullish Bias)
Entry: If price breaks and holds above $104,085 with volume
Stop Loss: $103,000 (below breakout level)
Take Profit:
- TP1: $110,000 (1h resistance)
- TP2: $113,411.59 (15m high)
Risk Management
Risk per trade: ≤2% of capital
Leverage: Avoid high leverage (RSI is overbought)
Visual Guide (Hypothetical Chart)
Resistance: $110,000
24h High: $104,085
Current: $103,195.80
24h Low: $102,700
Support: $98,400
Key Notes
Watch for RSI divergence. If RSI drops while price holds, bullish reversal possible.
Low volume on breakout = likely fakeout.
#AltcoinTrade #BTCUSDT #ETHCrossed2500 #TradeStories $BTC