$BTC /USDT Daily Analysis

After a strong upward trend from mid-

April, @$BTC is showing the first signs of

short-term weakness as the price pulls

back from its recent local high around

$109,400. Currently, Bitcoin is trading

near $103,700, down around 2.57% in the

last daily candle.

Let's break down the chart and key

indicators 4

Bollinger Bands (20, 2): BTC recently

touched the upper band, which often

signals overbought conditions. Now the price is pulling back towards the middle band (approx. $100,600), indicating a

cooling phase. A clean bounce from the

mid-band would suggest continued

bullish momentum, while a break below

may lead to deeper consolidation.

The MACD line (blue) is above the signal

line (orange), but the histogram is

shrinking. This suggests the bullish

momentum is slowing, and we may see a bearish crossover soon if selling pressure increases.

The Relative Strength Index (14) is sitting at 62.85, which is still in the bullish zone,but no longer overbought. This reflects a potential pause in upward momentum

without confirming a reversal just yet.

If @$BTC can hold above the middle Bollinger Band (~$100,600) and reclaim the $105K level, it could signal a healthy retest and continuation of the uptrend.

However, a break below $100K could open the door toward the next support zones around $95K-$97K, with further

downside risk if volume increases on the

sell side.