BTC/USDT Update: Bulls Regain Traction

Bitcoin is showing signs of strength on the 4H chart, currently trading at $104,361, up +0.91% in the last 4 hours. The price recently touched a local high of $105,819, indicating bullish momentum is building.

Key Observations:

Moving Averages: Price is above the MA(7) and MA(25), showing short-term bullish bias.

Support Zone: Strong support at $103,073 (MA25) and $97,249 (MA99).

MACD: While still negative, MACD shows a possible crossover building, hinting at a trend shift.

Volume Spike: Increasing volume supports the move—more fuel for upside.

Outlook:

If BTC holds above $104K and breaks $106K resistance, we could see a push toward $108K next. However, if bulls lose momentum, watch for a pullback to the $103K-$101K range.

Market Sentiment: Cautiously bullish with growing buying pressure.#TradeWarEases