Price: 105872.17 | EMA7: 106222.52 | EMA25: 106766.77 | RSI14: 34.01 | Resistance: 108715.72 | Support: 105609.75 | Average Volume: 2.5 | Volume Trend: Decreasing
Based on the 1-hour chart of WBTCUSDT, I would advise against entering a long position at the current price of 105872.17. The EMA7 and EMA25 are both above the current price, indicating bearish momentum. The RSI is in oversold territory, but the MACD is trending downwards, suggesting that the bearish sentiment may continue.
However, if you're looking to enter a long position, I would recommend waiting for a rebound above the resistance level of 108715.72. A spot buy price of around 107000-107200 could provide a decent entry point.
On the short side, the current price is already near the support level of 105609.75, and the decreasing volume trend suggests that the market may be exhausted. A short entry price around 106000-106200 could be a reasonable choice, but be aware that there may be some resistance from bulls near the EMA7 and EMA25.