Bitcoin is currently trading at $106,180 with strong recent gains. The RSI indicates overbought conditions, suggesting caution. Based on recent support and resistance levels, here are realistic entry and exit points.
Current Market Overview
BTC is up 4.25% in 24 hours and trading above both 20-day and 50-day moving averages, showing bullish momentum. However, RSI at 75 suggests the asset may be overbought.
Support and Resistance Levels
Recent local lows around $101,600-101,700 provide strong support. The recent high of $106,315 acts as immediate resistance. Price is currently near this resistance level.
Trading Strategy
Wait for a pullback to buy near support levels. Consider taking profits near recent highs. The current price is close to resistance, making immediate buying less attractive.
Risk Management
Always use stop-loss orders below support levels. Don’t invest more than you can afford to lose. Crypto markets are volatile and can move quickly in either direction.
Beginner Recommendations
Advice: hold
Buy Price: 101650 USDT
Sell Price: 106300 USDT
Key metrics
| Price | 106180.0500 USDT |
| 24h Change | 4.25% |
| RSI(14) | 75.06 |
| SMA20 / SMA50 | 104596.94 / 103047.78 |
| Daily Volatility | 2.53% |
| Sentiment | Neutral |
| Risk level | Medium |
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.
