BTC Technical Analysis on 16/05/2025 – A recovery opportunity or just a dead cat bounce? As of now, BTC/USDT is trading around 103,964 USDT, a slight increase of +0.70% in 24h. On the 4H chart, the price has bounced from the support area around 100,033 after hitting a low near 101,383 USDT. EMA34 (102,793) and EMA50 (102,024) are serving as short-term dynamic support, indicating a technical recovery signal. Notably, BTC has formed a strong bullish candle with significant buying volume at the lower price range, showing that demand is still present. However, the price has not yet surpassed the resistance area of 105,819 USDT – the nearest previous high. If this level cannot be broken, it is likely that BTC will continue to fluctuate within a narrow range or experience a slight correction. The increased trading volume at the bottom also suggests the possibility of forming a short-term bottom. The RSI and MACD indicators have not shown clear overbought signals or divergence, therefore investors should observe further. Personally, I have bought 10% of my capital around the area of 101,500 USDT with the expectation that the price will break through the 106,000 level to confirm the continuation of the uptrend.

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