This image displays a technical analysis chart for Bitcoin/Tether (BTC/USDT) on the 15-minute timeframe, sourced from Binance. Here are the key elements of the analysis:
1. Price Levels:
Current Price: Around 102,463.70 USDT.
Support Level: Approximately 99,464.85 USDT, indicated by the red line at the bottom.
Resistance Levels:
The first resistance is around 104,522.82 USDT, marked by a yellow line.
The second resistance is around 109,487.52 USDT, also highlighted with a yellow line.
2. Price Action:
The chart shows recent price movements with a decline from a peak, followed by a consolidation phase.
An upward projection is indicated by a dotted blue line, suggesting a potential price increase.
3. Fibonacci Levels:
Fibonacci retracement levels are marked, with key levels around 104,522.82 USDT and 106,935.91 USDT.
4. Projection:
The analysis suggests that the price might recover and potentially surpass its all-time high, indicated by the annotation "Will cross all-time high."
5. Indicators:
The chart includes standard candlestick patterns for price action.
The analysis might be using other technical indicators, though not visibly specified in the image.
This analysis indicates a bullish outlook, anticipating a recovery and breakout to new highs.
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