According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.41T, up by 3.09% over the last 24 hours. $BTC traded between $70,317 and $73,914 over the past 24 hours. As of 12:00 PM (UTC) today, $BTC is trading at $70,695, down by 1.55%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TOWNS, and BANANAS31, up by 60%, 34%, and 32%, respectively. Top stories of the day: Iranian Revolutionary Guard Threatens U.S. Banks in Gulf Region Bitcoin Mining Costs Minimally Affected by Rising Oil Prices Hedge Funds Increase Bullish Crude Oil Positions to Highest Level Since 2020 Crypto Startups Secure $192 Million in Weekly Fundraising Bitcoin Exchange Holdings Reach Lowest Level Since November Microsoft Tests OpenClaw for Teams Integration U.S. Government Initiates Large-Scale Oil Reserve Release US ETF Trading Volume Reaches Historic Levels Meta Plans Significant Layoffs Amid AI Infrastructure Costs U.S. Deploys 5,000 Marines and Sailors to Middle East Amid Iran Tensions $BTC
$BTC Quick Technical Analysis Current Price: ~104,466 USDT
Recent Low: 98,890 USDT (strong support)
Resistance: 105,000 → 106,500 (EMA 12 and EMA 20)
RSI: around 44–47 → slightly neutral to bullish (room to go up)
Trend: Short-term recovery after a dip; price is testing EMA resistance.
📈 Recommended Setup (Short-Term Swing) ➡️ Position: LONG (Buy) Because $BTC has bounced strongly from the 98,800 support and is trying to reclaim EMA 12 and EMA 20 — if it closes above 105,200, momentum may continue upward.
🟩 Entry: Between 104,200 – 104,600 USDT
🎯 Take Profit (TP):
TP1 = 106,000 (near EMA 20 resistance)
TP2 = 107,500 – 108,000 (next resistance zone)
🛑 Stop Loss (SL): Below 102,800 USDT (if it closes below this, momentum weakens)
Risk-to-reward ratio ≈ 1:2 — acceptable for a daily setup.
⚠️ Alternative (if rejection at EMA 20) If BTC gets rejected from 106,500 and fails to hold 104,000, then:
#$BTC has bounced from $98,890 (a strong support zone).
The last few candles show bullish momentum with green bodies closing higher each day.
The next major resistance zone is around $107,000 – $108,000, where EMA20 sites.
If broken, $BTC could retest $112,000 – $119,000.
On the downside, support lies around $102,000 and $99,000. Short-term (1–3 days): Bullish bias if price stays above $105,500.
Medium-term (1–2 weeks): Needs a daily close above $107,000 for a stronger bullish trend.
Bearish invalidation: A break below $102,000 would cancel the current rebound and reopen $98,000 support. #BTC #BTCAlert #TrendingTopic #cryptouniverseofficial #analysis $BTC @Square-Creator-fb9fd0831