🚨 $BTC Technical Check-In – Consolidation Before the Next Big Move? 🧠💹

After a strong rally peaking at $112K, Bitcoin has pulled back to hover just above $105.5K, forming a potential bullish consolidation. 📉➡️📈

🔍 Chart Insights:

🟣 Moving Averages (MA7, MA25, MA99)

BTC has reclaimed the 99-period MA, a key psychological and technical level. The short-term MA(7) is attempting to cross the MA(25) from below—often a bullish crossover signal. If this continues, expect upward momentum.

📊 Volume

Noticeable volume spikes accompany local bottoms, suggesting accumulation on dips. However, volume during rallies is tapering slightly—a sign bulls are cautious. A breakout above $106K with strong volume could ignite a new leg up.

📉 MACD

The MACD histogram is narrowing on the 1-H chart after a bearish crossover, and lines are curling upward—bullish divergence in sight. Watch for a confirmed bullish crossover in the next few sessions.

📈 RSI (14)

RSI is resting near the neutral 50 level after bouncing from oversold territory. This suggests room to run before hitting overbought conditions again. A push above 60 could indicate trend continuation.

🔧 Support & Resistance Levels

🟢 Support: $104K – $103K

🔴 Resistance: $106K – $108.5K

A clean breakout above $106K could aim for a retest of $110K, while a loss of $103K may re-open the $100K psychological test.

🧠 To conclude:

BTC is stabilizing after a steep retracement. MAs are aligning bullishly, MACD and RSI are showing recovery potential, and volume suggests cautious optimism. All eyes on the $106K resistance. 📈📉

Will BTC rally into the weekend—or are bears preparing a trap? Let’s hear your take! 🧵👇