BTC/USDT Analysis | 4 Hours

Current Price: 106,394.20

24h High: 107,985

24h Low: 104,184

Overall Trend: Bullish, but the appearance of consecutive red candles = potential correction.

Moving Averages:

MA(7): 107,029

MA(25): 106,125

MA(99): 104,628

> Price above MA99 and MA25 = Bullish support

But the temporary break of MA7 = Weak buying momentum

MACD Indicator:

MACD: -34.95

DIF: 446.08

DEA: 481.02

> The difference is negative, bearish crossover = Temporary selling pressure

Recommendation:

For Beginners:

Do not enter now, wait for a strong close above 108K

Stop loss for those who entered previously: below 104.2K

For Professionals:

Buying opportunity at support 105K – 104.5K with strict risk management

Partial sale at resistance 107.9K – 108.5K

Next Expectation:

If it holds above 105K: We expect a rebound towards 108K then 110K

If it breaks below 104K: A return to 102K is very likely

#Technical_Analysis #BTC #Smart_Trading #Crypto

✍️: Ghaith