📊 BTC Chart Analysis

Timeframe: 1 hour

Price: $105,352.31

Indicators Present:

MA(7): 105,728.17 (short-term)

MA(50): 104,887.59 (medium-term)

MA(100): 104,734.15 (long-term)

Candlestick Overview:

A sharp green candle rally early on up to 106,543.94, followed by multiple red candles indicating a pullback or correction.

The latest candle seems to form a small green body, suggesting possible stabilization or reversal.

Price Action Signals:

Support Level: Around 104,351 - 104,455 (price bounced from there).

Resistance Level: 106,543.94 (recent peak).

The price is slightly above the MA(50) and MA(100) – bullish sign, but it's now below MA(7) – indicating short-term pressure.