The image you sent shows the trading view of the BTC/USDT pair on Binance in a 4-hour timeframe (4h). Here is 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 are no significant spikes (no strong breakout yet).

2. Candlestick Pattern

The market is recovering after touching the lowest level of 100,718.37.

Several consecutive green candlesticks have 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 it.

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 is forming.

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

5. Temporary Conclusion

Short-term sentiment: Cautiously bullish.

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

Volume is still moderate, with no significant accumulation yet.

MACD is approaching convergence, needs to be confirmed in the next candle.

Watch the resistance area 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 when the price lightly corrects 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.

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

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