$BTC Here is the technical analysis of Bitcoin (BTC) on the 4-hour time frame (4H) as of May 13, 2025, at 17:18 WIB:
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📊 Current Price Summary
Parameter Value (USD)
Current Price 103,384
Daily Change -925 (-0.89%)
Today's High 104,546
Today's Low 101,065
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🔍 4H Technical Analysis
1. Price Structure & General Trend
Bitcoin is currently consolidating above the psychological level of $100,000, showing a strong bullish bias.
The price has broken through several resistance levels and is currently testing the main supply zone between $103,000 and $103,600, which previously served as a resistance area in January and February.
2. Moving Average Indicators
BTC price is above the 200-period SMA and EMA, reinforcing the bullish structure that has developed since mid-April.
3. RSI & Stochastic Indicators
RSI is in the range of 66-72, indicating positive momentum but approaching overbought conditions.
Stochastic shows values above 80%, which may indicate potential short-term corrections.
4. Support & Resistance Levels
Support: $100,000 (psychological) and $98,000 (technical)
Resistance: $103,600 and $104,300
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🧭 Trading Strategy
Breakout: If the price breaks above $103,600 with increased volume, this could confirm the continuation of the upward trend.
Retest: If the price revisits the $100,000 level and shows bullish signals, this could be a buying opportunity.
Correction: If there is a drop below $98,000, be cautious of potential deeper corrections.
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📺 Analysis Visualization
For further understanding, here is the Elliott wave analysis on the 4-hour BTC chart:
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*Note: This analysis is informative and is not investment advice. Always do your research and consult with a financial advisor before making trading decisions.*
