$BTC The image you sent shows the trading view of the BTC/USDT pair on Binance in a 4-hour timeframe (4h). Here’s a brief technical analysis based on the visible elements:

1. Price & Volume

Current price: $104,328.24

24-hour change: +1.27%

24-hour volume (BTC): 19,269.25 BTC

24-hour volume (USDT): 1.98 billion USDT

The volume below the candlestick chart indicates stable market participation, but there is no significant spike (not a strong breakout yet).

2. Candlestick Pattern

The market has recovered after hitting a low of 100,718.37.

A series of green candlesticks occurred, indicating short-term bullish momentum.

The current price is approaching local resistance in the 105,000–106,000 area.

3. Moving Average (MA)

MA5 (yellow): 3,247

MA10 (purple): 2,819

The MA5 line is above the MA10 → Short-term bullish signal, but volume needs to confirm.

4. MACD Indicator

MACD: -14.95 (still below the 0 line, meaning the trend is still weak)

However, the histogram bars are starting to shrink upwards → a potential trend reversal signal may be forming.

DIF (204) vs DEA (218) → the MACD line may cut the signal line from below → potential golden cross.

5. Preliminary Conclusion

Short-term sentiment: Cautiously bullish.

Price is trying to break through minor resistance above $104,000.

Volume is still moderate, no large accumulation yet.

MACD is nearing convergence, needs confirmation in the next candle.

Watch for resistance areas at $105,800 – $106,000, and strong support around $100,700.

Advice

If you want to enter a position:

Short-term trading (scalping): You can buy during a slight correction to $103,800–$104,000 with a short-term target of $105,800.

Swing trader: Wait for a clean breakout above $106,000 with high volume to confirm a new upward trend.

Set a stop loss below $101,500 if you buy.

Would you like me to create an entry-exit strategy or analysis in another time frame?