Bitcoin prices hovered around $103,300, retreating from the $104,000 threshold seen in previous days and showing an overall volatile adjustment trend. The market has experienced a notable correction recently, with prices dropping significantly from earlier highs, but currently stabilizing around $103,000. Such fluctuations have left many investors confused about the price trend ahead.
Support and Resistance Levels
Technically, Bitcoin is facing key support and resistance levels. The lower support at $102,300 is critical: if prices hold above this level, the short-term decline may halt or even rebound. However, a break below this support could lead to further declines to test lower levels.
The upper resistance lies in the $107,000–$108,000 range, acting as a "wall" where prices have repeatedly stalled due to trapped positions and profit-taking pressure. For prices to continue rising, a successful breakout of this resistance zone is essential.
Technical Indicator Performance
Multiple technical indicators show bearish dominance in the market. Both MACD and RSI indicators signal bearish sentiment, implying short-term weakness may persist. Notably, prices are approaching oversold territory—similar to a spring compressed too far, Bitcoin may experience a technical rebound if the decline continues.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@102000~103000
SL:101000
TP:105000~106000
Support and Resistance Levels
Technically, Bitcoin is facing key support and resistance levels. The lower support at $102,300 is critical: if prices hold above this level, the short-term decline may halt or even rebound. However, a break below this support could lead to further declines to test lower levels.
The upper resistance lies in the $107,000–$108,000 range, acting as a "wall" where prices have repeatedly stalled due to trapped positions and profit-taking pressure. For prices to continue rising, a successful breakout of this resistance zone is essential.
Technical Indicator Performance
Multiple technical indicators show bearish dominance in the market. Both MACD and RSI indicators signal bearish sentiment, implying short-term weakness may persist. Notably, prices are approaching oversold territory—similar to a spring compressed too far, Bitcoin may experience a technical rebound if the decline continues.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@102000~103000
SL:101000
TP:105000~106000
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The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free signal channel ：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.