#SpotVSFuturesStrategy $BTC/USDT is trading around $108,100, up slightly ~0.33% for the day.
In the short term, BTC is in a downtrend channel after a rally in mid-June, with important support at ~$105,400; if this level is breached, the price could adjust deeper to the $95,000–$100,000 range. Resistance that needs to be overcome is around $108,000–$112,000; a breakout above $112,000 could recover to $114,000 and even $116,000.
The weekly/quarterly MA indicator has confirmed a short/medium-term bearish trend, while the 4H chart shows the price is constrained below the EMA7/70 line. Volume needs to be monitored to confirm breakout or breakdown. Investors should prioritize trading in the direction of the breakout, enhance risk management, set stop-losses, and avoid chasing FOMO.
$BTC
In the short term, BTC is in a downtrend channel after a rally in mid-June, with important support at ~$105,400; if this level is breached, the price could adjust deeper to the $95,000–$100,000 range. Resistance that needs to be overcome is around $108,000–$112,000; a breakout above $112,000 could recover to $114,000 and even $116,000.
The weekly/quarterly MA indicator has confirmed a short/medium-term bearish trend, while the 4H chart shows the price is constrained below the EMA7/70 line. Volume needs to be monitored to confirm breakout or breakdown. Investors should prioritize trading in the direction of the breakout, enhance risk management, set stop-losses, and avoid chasing FOMO.
$BTC