BTC/USDT Technical Analysis |

Current Price: 102,156

Daily Change: -1.66%

Lowest Price: 102,000

Highest Price in 24 Hours: 107,108

General Trend: Strong bearish on the 4-hour interval, with a clear continuing selling pressure.

Moving Averages:

MA(7) = 102,823 above the current price → Negative signal.

MA(25) = 104,139 → Price is well below it → Consolidation for downward trend.

MA(99) = 103,592 → Price could not maintain above it previously → Advanced resistance.

Technical Reading:

All moving averages are now above the price → Confirming that the price is under clear selling pressure, and the likelihood of continued decline unless a strong rebound occurs above 103,000.

Technical Indicators:

MACD:

MACD = -218.73

DIF = -410.15

DEA = -191.42

→ The difference is negative and diverging, and the separation between the lines is widening → Strong continuing bearish momentum.

Volume:

Gradual decrease in trading volume with continued decline → Weak buying confidence in this area.

Support and Resistance:

Near Support: 102,000 (touched precisely)

Next Support: 101,744 then 100,800

Near Resistance: 102,800

Key Resistance: 103,600 then 104,140

Conclusion:

As long as the price is below 102,800 → The bearish scenario continues.

Any rebound without breaking 103,600 → Considered a selling opportunity from the top.

Breaking 102,000 = Opens the way towards 100,000 and possibly 98,500.

Trading Advice:

Do not enter a buy position unless there is a strong reversal signal (like engulfing with clear volume).

The preference currently is to sell on rebounds.

Keep the stop-loss strict. The market is very volatile.

✍️ ;Ghaith