$BTC [BTCUSDT Market Update – Short-Term Pullback After Strong Rally]

Bitcoin (BTC) hit a local high of $99,374 but is now showing early signs of consolidation. Let’s break down the current conditions across different timeframes:

15-Minute Chart:

Price is retracing after touching near $99.4K.

EMA(7) has crossed below the price candle, suggesting short-term weakness.

StochRSI is oversold (0.7), and RSI(6) is down to 42.9 — both showing potential for bounce, but volume remains weak.

1-Hour Chart:

BTC is pulling back after a sharp move, currently resting just above EMA(7) support at $98.3K.

RSI(6) is at 72.0 — still bullish but cooling.

StochRSI turning down from overbought zone (88.7) may hint at short-term consolidation or a deeper test of support.

4-Hour Chart:

Momentum remains bullish with a breakout from $93.3K area.

MACD histogram shows increasing bullish momentum.

RSI(6) is at 73.8 — near overbought.

However, multiple EMAs (7, 25, 50) are fanning out upward, confirming trend continuation unless key support breaks.

Conclusion: Bitcoin is pausing after an impulsive breakout. Short-term (15m–1H) indicators suggest a pullback or sideways movement is in play, but higher timeframes (4H) remain bullish. Key support levels to watch: $98.3K, $97.4K, and $96.5K. Upside resistance remains around the $99.4K–$100K psychological zone.

Trading Note: Consider scalping on bounces from EMA(25) or wait for confirmation before re-entry. Momentum remains intact on larger frames.