$BTC BTCUSDT Eyes Recovery After Sharp Retracement – What’s Next?

Post:

Bitcoin recently pulled back from the $105.8K high, and is now consolidating around the $103K zone. The hourly chart shows price holding above the EMA-7, signaling a potential short-term support level. While the 15-minute timeframe indicates some bearish pressure, Stoch RSI is heavily oversold, suggesting a possible technical rebound.

On the 4H and daily charts, early signs of recovery are building. The 4H EMA cross is shaping up for a bullish shift, and RSI momentum is slowly rising. However, volume confirmation is still lacking for a strong breakout.

Key levels to watch:

Support: $102.5K and $101.8K

Resistance: $103.6K – $104K

Breakout confirmation: Daily close above $104K with strong volume

Short-term outlook: Cautiously bullish

Mid-term outlook: Wait for confirmation

If BTC maintains its structure and breaks above key resistance with volume, bulls could aim for a retest of $105K+. Stay sharp and manage your risk!