BTC/USDT — Update (4H Chart)
Current Price: 102,756 USDT (-2.62% in 24h)
Overview:
After reaching a local high of 105,819 USDT, BTC has entered a corrective phase. A break below the short-term moving averages on the 4H chart signals growing selling pressure, with the price now consolidating below both the MA(7) and MA(25).
Technical Details:
• MA(7): 102,840
• MA(25): 103,437
• MA(99): 97,742
• MACD: Suggests weakening bullish momentum and potential for further downside
• RSI(6): 47.20 — neutral zone, trending lower
• Volume remains moderate, indicating a lack of strong buying activity
Key Levels:
• Support: 100,400 and 97,380 USDT
• Resistance: 103,421 and 105,000 USDT
Conclusion:
BTC is undergoing a technical pullback following its recent rally. Sustained trading below 103,000 may reinforce bearish sentiment and push the price toward the 100,000–101,000 range. A bullish recovery would require a strong move above 103,500 USDT, with confirmation above the MA(25).
