This is a daily (1D) candlestick chart of BTC/USDT from Binance. Here's a breakdown of the current technical analysis and what it may suggest about Bitcoin's trend:

Current BTC Price

$102,869.71, down -0.95% in 24h.

24h High: $104,550.33

24h Low: $102,612.50

Key Indicators & Levels

Moving Averages (MA)

MA(7): 103,516.88 (short-term resistance)

MA(25): 98,475.92 (short-term support)

MA(99): 90,107.47 (long-term support)

The price is above MA(25) and MA(99), which is bullish, but below MA(7), showing short-term weakness.

MACD (Momentum Indicator)

MACD Line: 3,656.56

Signal Line (DEA): 3,754.40

MACD Histogram: -97.84 (negative)

The MACD line has crossed below the signal line, a bearish crossover, which typically signals downward momentum.

Stochastic RSI (K/D)

K: 67.00, D: 76.85

K is crossing below D, and both are near overbought territory — this is a bearish signal indicating a possible reversal or slowdown.

Support & Resistance Levels

Immediate resistance: Around $103,516.88

Immediate support: Around $100,496.50

Strong historical support below at: $93,607.98 and $86,719.47

Trend Analysis: Bullish or Bearish?

Short-term: Bearish bias due to:

Price failing to stay above MA(7)

MACD bearish crossover

Stochastic RSI suggesting downward momentum

Medium to Long-term: Still Bullish

Price is well above MA(25) and MA(99)

Trend since early April has been strongly upward

Conclusion

Current short-term outlook is bearish, showing signs of a pullback or consolidation. However, overall trend remains bullish unless the price breaks below $100K and confirms under the 25-day MA.

Let me know if you want a trade strategy or support/resistance breakout alerts.

BinanceAlpha$1.7MReward#EthereumSecurityInitiative #MastercardStablecoinCards