$BTC BTC is in a bulish momentum . .

With its price at $104,400 and obvious indications of market fatigue, Bitcoin is once again at a pivotal point. Even though the overall trend is still bullish, technical warning signs are beginning to appear during the current correction phase, and none are more concerning than the possible mini-death cross on the four-hour chart. A mini-death cross happens when a short-term moving average, usually the 20 or 26 EMA, crosses below a longer-term one, such as the 50 EMA, on shorter time frames. It frequently serves as a momentum killer during local rallies, escalating bearish sentiment and setting off stop losses, even though it is less significant than a full-scale daily death cross. The bullish momentum of the past few weeks may be swiftly nullified if Bitcoin prints this cross in the upcoming sessions.

When viewed on a daily basis, Bitcoin is positioned just above the 26 EMA (~$104,500), which has served as crucial short-term support. Bitcoin may plummet toward the next significant support zone, which is around $99,800, the psychological support and previous breakout level, if it falls below this level. If there is more of a decline, the 50 EMA at about $96,500 will be reached. A deeper correction down to the high $80,000 range where the 100 and 200 EMAs converge must be avoided if this level holds.