Bitcoin is currently trading at $106,942, showing a slight decline from recent highs. The price is consolidating near short-term support levels with mixed technical signals.
Current Market Situation
Bitcoin’s price has dropped about 1.4% in the last 24 hours and is trading between recent support and resistance levels. The RSI at 55.7 indicates neither overbought nor oversold conditions.
Technical Indicators
The current price is slightly above the 20-day moving average ($106,521) but below the 50-day average ($107,921). This suggests short-term stability but some medium-term weakness.
Support and Resistance Levels
Recent price action shows support around $104,531 (local minimum) and resistance near $111,666 (local maximum). The price is currently closer to support levels.
Trading Strategy
Consider buying near support levels around $105,000 and selling near resistance around $110,000. Always use stop-loss orders to manage risk.
Risk Management
Cryptocurrency trading carries high risk. Never invest more than you can afford to lose. Consider dollar-cost averaging instead of timing the market perfectly.
Beginner Recommendations
Advice: hold
Buy Price: 105000 USDT
Sell Price: 110000 USDT
Key metrics
| Price | 106942.0200 USDT |
| 24h Change | -1.40% |
| RSI(14) | 55.72 |
| SMA20 / SMA50 | 106520.76 / 107921.04 |
| Daily Volatility | 2.33% |
| Sentiment | Neutral |
| Risk level | High |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
