Hello, traders and holders of Binance Square! Let's analyze the price action of Bitcoin ($BTC) on the daily chart, as it is at a decisive point.
Currently, $BTC is struggling to stay above a critical support zone. The market has shown recent volatility, but the overall structure still depends on the following levels.
Key Analysis Points (Daily Chart):
* Current Price: (Insert the current price of BTC in USD)
* Short-Term Trend: Consolidation / Slightly Sideways. Indecision is clear, with a tight trading range in recent days.
Critical Levels to Watch:
| Level | Type | Importance | Suggested Action |
|---|---|---|---|
| Main Resistance | Upper Level | \text{\$115,000 - \$116,000} | Crossing and confirming this level could trigger a bullish momentum towards new highs. |
| Key Support (Short Term) | Lower Level | \text{\$107,000 - \$108,000} | Maintaining this level is crucial. A breakdown could invalidate the immediate bullish structure. |
| Accumulation Zone (Strong Support) | Critical Level | \text{\$100,000 - \$102,000} | Very strong psychological and structural zone. A drop here is a potential buying opportunity (DIP). |
Indicators (Quick Observation):
* RSI (Relative Strength Index): It remains close to the level of 50. This indicates a balance between buyers and sellers, but without a clear directional strength.
* Exponential Moving Average (EMA 50): The price is trading just around the 50-period EMA, acting as a turning point.
As long as BTC remains **above the support of $$107,000**, the medium-term bullish outlook remains intact. The key is to wait for a decisive break of the resistance at $$115,000$ to confirm the next leg up.
🚨 Remember! This is not investment advice, just technical analysis. Always do your own research ... $BTC #analises
