$BTC Technical Overview (4H Chart)
Current Price: $102,636.44
Trend: Short-term bearish reversal indicated by the recent price rejection at the $105,819.45 high and price falling below the 7 EMA ($103,081.09) and 25 EMA ($102,622.36).
MACD: Bearish crossover; MACD line (-468.15) is below the signal line, indicating downward momentum.
RSI (6): 40.53 — showing weakening bullish momentum, not yet oversold, but trending lower.
Support Level: $100,718.37 (24h low) and near the 99 EMA (~$97,885.49).
Resistance Level: $105,819.45 (recent swing high).
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Intraday Trade Signal
Trade Type: Short (Sell)
Given bearish MACD, RSI heading down, and price below EMAs.
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Entry Point
Sell Entry: $102,800 – $103,000 (if there is a slight pullback toward the 7 EMA)
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Stop-Loss
SL: $104,200
Above the 25 EMA and close to recent swing consolidation, allowing room for volatility.
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Take-Profit Targets
1. TP1: $100,800 (Near 24h low, realistic intraday level)
2. TP2: $99,000 (Stronger support zone near EMA 99)
3. TP3: $97,300 (Near long-term EMA and stronger demand zone)
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Risk-Reward
Risk: ~1,200 pts (from $103,000 to $104,200)
Reward (TP1): ~2,200 pts (RR ~1.8:1)
Reward (TP2): ~4,000 pts (RR ~3.3:1)
Reward (TP3): ~5,700 pts (RR ~4.75:1)
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Alternative Bullish Setup
If BTC/USDT holds above $102,600 and reclaims $103,500 with volume:
Buy Entry: $103,500
SL: $102,400
TP: $105,800 / $106,900