BTC/USDT — Update (1H Timeframe)
Current Price: 103,704 USDT (+1.13% over the last 24h)
Overview:
After a short-term dip to the 100,718 USDT level, BTC is showing signs of recovery but is currently facing resistance around the 103,800–104,000 zone. The price is hovering near a cluster of moving averages, indicating a phase of indecision.
Technical Breakdown:
• MA(7): 103,757
• MA(25): 103,741
• MA(99): 103,653
• MACD: Still in negative territory, but the histogram suggests weakening bearish momentum
• RSI(6): 42.30 — in neutral territory, leaning slightly toward oversold
• Volume: Trading volume remains relatively low, showing limited buyer interest at the moment
Key Levels:
• Support: 102,700 and 101,580
• Resistance: 103,800 and 104,950
Conclusion:
BTC is consolidating in the 102,000–104,000 range. A breakout above 104,000 could signal a move higher, while a breakdown below 102,700 may invite stronger selling pressure. The market awaits a clear catalyst for directional confirmation.