$ETH $BTC

Technical Analysis of BTC/USDT – 4-Hour Chart | Dated May 15, 2025

Current Price: $102,509

Daily Change: -1.17%

Overview: The price of Bitcoin continues to exert negative pressure, currently trading below the short-term moving averages (MA7 and MA25), reflecting weakness in the near-term bullish momentum.

Technical Indicators:

Moving Averages:

MA(7): 103,282 — price is below (negative signal)

MA(25): 103,467 — price is also below

MA(99): 98,825 — potential moving support

RSI Indicator:

RSI(6): 33 — close to the oversold zone, may indicate a possibility of a temporary rebound

RSI(14): 46 — weak momentum leaning towards a decline

MACD Indicator:

In the negative zone, reflecting continued selling pressure

Technical Levels:

Nearest Support: 100,678

Next Support: 98,825

First Resistance: 103,200

Next Resistance: 104,300

Expected Scenario:

If it remains above 100,678, we may witness a corrective rebound towards 103K.

Breaking this support will lead the price to test 98,800 and possibly lower.

Conclusion: The current trend is bearish on the short interval, with a possibility of a temporary rebound from support levels. Caution is required, and monitoring the break/stability of the support at 100,678 will be crucial.