$BTC Here is a brief technical analysis for BTC/USDT on the 4-hour time frame:

1. Trend & Price Action

Current price: $103,434 (down ~0.78% in 24 hours).

Bitcoin previously surged strongly from around $93,377 to peak at $105,819, then experienced a pullback to the $103,400 range.

2. Volume & Volatility

Trading volume increased during the last correction candle, indicating more aggressive selling pressure.

Volatility remains moderate-high, evident from the wide candle range in several sessions yesterday.

3. Technical Indicators

MA(5) & MA(10): MA(5) (yellow) had a golden cross above MA(10) (purple), but both lines are now starting to flatten, and MA(5) shows a small cross-down → a signal of potential short-term weakness.

MACD:

The DIF line (yellow) is below the DEA line (red), and the negative histogram is widening → downward momentum continues with fairly strong selling pressure.

MACD value around –301, reaffirming a short-term bearish bias.

4. Support & Resistance Levels

Nearest support:

$102,544 (24-hour low)

Zone $100,900–$100,000 (psychological & previous consolidation area)

Nearest resistance:

$105,819 (24-hour high)

$106,400 (next swing high)

Conclusion & Recommendations

Short-term bearish: negative MACD, increased selling volume, short-term MA starting to cross down.

If it breaks and closes a 4-hour candle below $102,500, it could potentially drop further towards $100,900–$100,000.

Conversely, if it holds above $102,500 and can rebound with significant buying volume, there’s a chance to retest $105,800.

Strategy:

Aggressive: Sell/Short around $104,500–$105,000 with a stop loss above $105,900, first target at $102,500–$102,000.

Conservative: Wait for confirmation of a break below support level $102,500 or a clear bounce above $104,000 before entering.

Hope this helps—please discuss if you want further details on entry/exit!