$BTC Are we at the beginning of a strong rebound for #BTC? A quick reading of BTC/USDT and identifying caution areas!
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The price of #Bitcoin has experienced sharp fluctuations recently, but the daily close carries signals that should be noted. Looking at the BTC/USDT pair, we see that the price is testing an important psychological support area after the recent rise that exceeded 10% over the past week.
Momentum indicators on medium timeframes (4 hours and daily) show signs of balance in buying and selling forces. Despite the current corrective drop that touches the level of $105,692.1, we are still above the long-term moving average (MA60), which often acts as a moving support in the upward trend.
Critical monitoring points:
First support: Area $104,800 - $105,000. Staying above it confirms buyer strength.
Main resistance: The psychological barrier at $107,000. Breaking it with high trading volumes (VOL) will open the way towards the next target at $110,000.
💡 Reminder and risk management: Trading in this area requires extreme caution! Don't forget to activate the stop-loss order at the close below the mentioned support areas to protect your capital. Buying should be in increments, not in one amount.
Let's exchange views! What are your expectations for #BTC by the end of this weekend? Share your technical analyses in the comments!
#Technical_Analysis #كريبتو Cryptocurrency_Trading
