BTC Market Update – 1H Chart Analysis

Price: $103,589.87

24h Change: -0.53%

24h High/Low: $104,629.96 / $100,718.37

Key Observations:

1. Support Zone Held:

BTC bounced strongly from around $101,900, forming a higher low. Buyers stepped in after the drop from the local top ($105,819).

2. Moving Averages (MA):

MA(7): $103,343 — price is slightly above, showing bullish momentum returning

MA(25): $102,760 — now acting as short-term support

MA(99): $103,493 — key resistance zone being tested

3. Volume Analysis:

Volume remains relatively low post-drop, showing market is still cautious. A volume spike is needed to confirm bullish continuation.

4. Trend Insight:

BTC is trying to reclaim bullish structure. A clean break above $104,113 could signal another push toward the $105,800 zone.

Bullish Above: $104,000

Bearish Below: $101,900

Watch Closely: $103,500–$104,500 range for breakout or rejection.

Conclusion:

Bitcoin is in a recovery phase after the recent dip. Eyes on price action near the 99 EMA and horizontal resistance. Caution is advised until a clear breakout with volume.

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