BTC/USDT Support and Resistance Analysis
Current Price: $103,479
Timeframe: 4H (4-hour chart)
24h High: $104,976
24h Low: $102,710
Support Levels:
$101,713 – A recent bounce level, showing near-term buyer interest.
$100,718 – Strong historical support on the 4H chart.
$99,533 – Psychological and technical support.
$97,353 – MA(99), key long-term support zone.
Resistance Levels:
$103,870 – MA(7), acting as immediate resistance.
$103,611 – MA(25), currently aligned with price rejection zone.
$105,819 – Previous swing high.
$106,074 – Key resistance above recent high.
Indicators Insight:
MACD remains bearish (MACD: -134.24), though histogram bars are shortening – possible bullish divergence forming.
Volume is weakening, suggesting a consolidation phase.
Moving Averages: Short-term MAs are flat to slightly downward, suggesting neutral to mildly bearish momentum.
Outlook:
If BTC breaks and holds above $103,870, it could test $104,976 and beyond. On the downside, losing $101,713 support could see BTC testing the $100,700–$99,500 zone.
