#BTCBackto100K

BTC/USDT Analysis (4H Chart)

Price: $103,226.87

Trend: Bullish momentum slowing

Bollinger Bands show price is near the upper band (UP: 105,625.00), suggesting potential overbought conditions.

RSI (6): 71.91 – BTC is entering overbought territory, indicating a possible pullback or consolidation soon.

Support Levels: Middle Band at $98,476.17, and lower support near $91,327.34.

Resistance: Local high at $104,361.30 remains the key resistance level.

Conclusion:

BTC has shown strong upward momentum but is now consolidating just below resistance. Overbought RSI and proximity to the upper Bollinger Band suggest caution—watch for a breakout or short-term correction.