BTC/USDT Market Update
Price: $108,818.8 ▼ (-1.15%)
24h High / Low: $111,216 / $108,818
Volume: BTC: 71,575 | USDT: 7.89B
Timeframe: 15M
Moving Averages (MA):
MA(7): 109,457
MA(25): 109,908
MA(99): 110,254
Chart Analysis:
Bitcoin is showing a clear short-term bearish momentum after multiple rejections near $111K. The price has broken below all major MAs, indicating that sellers are in control. Volume is increasing on red candles — a sign of growing sell pressure.
Support & Resistance:
Support: $108,500 – $108,000
Resistance: $110,000 – $111,200
Indicators:
MACD is turning sharply bearish.
OBV trending down — confirming distribution.
Trend & Action:
Market structure favors short-term SELL.
Traders can look for sell positions near resistance at $109,500–$110,000 with targets at $108,000. A breakout above $111,200 would invalidate this view.
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Quick Trade Plan 💹
Entry: $109,500
Target: $108,000
Stop Loss: $111,200
Bias: 🔴 Bearish / Sell on Rallies
