📉 Despite a clear uptrend line, bearish signals are starting to dominate the technical landscape. With a current price of **$102,980**, BTC faces key resistance as traders assess whether the current consolidation is a pause before another rally or the prelude to a deeper correction.
In this analysis, we explore critical levels, market sentiment, and strategic opportunities for traders. 🔍
## **📊 Market in Consolidation: Pause or Trend Change?**
Bitcoin has shown a bullish trend since late April, climbing from **$82,784 to $105,706**. However, in recent hours, the market shows fatigue:
- **📉 Decreasing volume on rallies** → Lack of buying conviction.
- **🔍 Key resistance at $104,500 - $105,700** → Critical zone to confirm bullish continuation.
- **⚡ Immediate support at $102,600** → A breakout could accelerate sales towards $100,000.
### **🔎 1H Chart: Short-Term Bearish Dominance**
- Formation of **lower highs**.
- Resistance at **$103,800 - $104,000** (tactical *short* opportunity).
- If it holds **$102,600**, *scalping* opportunities may arise.
### **📈 Daily Chart: Fatigue or Preparation for a New Rally?**
- **Indecision in candles** (long wicks, small bodies).
- **Structural support at $96,000 - $98,000**.
- **RSI neutral** (no extreme overbought/oversold).
## **📌 Key Indicators: Conflict Between Trends**
✅ **Moving Averages (EMAs):**
- **Bullish trend in long timeframes** (EMAs 50, 100, 200).
- **10-period SMA bearish** → Short-term warning.
⚠️ **Neutral Oscillators (RSI, Stochastic, CCI):**
- **Lack of clear momentum** → Market waiting for a catalyst.
- **MACD negative** → Bearish bias in the short term.
## **🎯 Possible Scenarios: What Are Traders Following?**
### **✅ Bullish Verdict (If These Conditions Are Met):**
1. **Maintain above $100,500 - $102,600**.
2. **Breakout with volume above $105,700** → Confirmation of bullish continuation.
3. **Possible new highs** if key resistance is surpassed.
### **❌ Bearish Verdict (Warning Signs):**
1. **Rejection at $104,500 - $105,700** → Risk of correction.
2. **Breakdown below $100,000** → Possible drop towards **$96,000 - $98,000**.
3. **Low volume on recoveries** → Lack of buying interest.
## **💡 Conclusion: Strategies in an Uncertain Market**
- **Short-term traders:** *Scalping* opportunities in ranges ($102,600 - $104,000).
- **Long-term investors:** Wait for confirmation of support or key breakout.
- **Key risk:** If BTC loses **$100,000**, it could trigger stronger liquidations.
🔔 **What’s next for Bitcoin?** It all depends on whether buyers defend critical supports or if sellers take control.
📌 **What do you think?** Is this a buying opportunity on dip or the start of a deeper correction? Leave your analysis in the comments! 👇
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