Bitcoin (BTCUSDT) Market Update – DailyBitcoin remains in a tight range between $110,221.73 (resistance) and $101,546.27 (support). These two levels are the main reference points for initiating high-probability trades.
🔸 Market Context:
The primary trend is bullish, so the priority remains on long setups.
Short positions should only be considered below $101,546.27 with confirmation.
With the prevailing bullish structure, early entries can be taken with a low-risk trigger at $108,746.08.
🔸 Moving Averages & Momentum:
The SMA 7 has caught up with the daily candles, but we haven’t seen a strong reaction yet.
If today's candle wicks above the SMA 7, we can more confidently pursue long setups starting tomorrow.
Otherwise, we may see a pullback toward the SMA 25, especially given the decreasing volume typical of ranging phases.
🔸 Lower Timeframe Setup (1H/4H):
A micro range box can be observed between $108,746 and $106,649.78.
If price approaches $108,746 with increasing volume, that can serve as a valid long trigger on intraday timeframes.
⏳ Final Note: Patience is key while BTC trades inside this range. The bullish structure remains intact, and opportunities for long trades are more favorable for now. Wait for clean breakouts or volume-based confirmations before entering new trades.
#BTCUSDT #BitcoinAnalysis #CryptoUpdate #BTCPrice #CryptoStrategy #BitcoinRange #LongSetup #TechnicalAnalysis #TradingView
