$BTC BTCUSDT – Recovery Momentum or Another Trap?

Bitcoin is attempting a technical rebound after touching $101,433, a critical support zone. However, the recovery remains fragile and faces multiple resistance levels ahead.

Key Observations:

1D Chart: Price bounced from the 200 EMA, showing buyer interest. RSI is at 48.3, Stoch RSI crossing up — early signs of potential recovery.

4H Chart: Momentum still weak; MACD remains bearish, but Stoch RSI is oversold and turning up — signaling a possible bounce if sustained.

1H Chart: A minor pullback is forming after rejection from $105.8. RSI and Stoch RSI are cooling off, indicating a short-term correction is underway.

15M Chart: Overbought indicators (RSI 66.9, Stoch RSI 97.6) warn of a potential dip or consolidation around $102,000.

Scenarios to Watch:

Bullish: Break and close above $103,200 could trigger upside towards $104,000 – $105,000.

Bearish: Failure to hold $101,800 may lead to retests of $100,800 or even $99,900.

Strategy:

Long: If price pulls back to $101,800–102,000, look for bullish confirmation.

Short: Consider short entries if price fails to break $103,200 with strong rejection.

Risk Management: SL below $101,300, TP in zones: $102,800 / $103,800 / $104,800

This is a critical moment — the next breakout or breakdown could set the tone for the weekend.