Is Bitcoin gearing up for another leg higher or cooling off after a strong bounce? Let’s break down the 4H chart and see what the price action tells us! 🧐📉
♟️ $BTC /USDT Technical Analysis (4H Chart)
📉 Current Price: $105,665.02 (▼ -0.49%)
📊 Moving Averages:
• MA(20): $105,040.72
• MA(50): $104,907.37
👉 Price is currently trading above both the 20 and 50 MA — a short-term bullish signal indicating strength after a sharp bounce from $100,372.
🔄 Market Behavior:
After a strong recovery from the recent low at $100,372.26, BTC surged with notable volume. Price is now consolidating slightly below the previous local high around $106,794.67. This could indicate either a healthy pause before continuation or the start of a lower high forming.
🔥 Momentum Snapshot:
• Strong bullish volume near bottom wick shows buyer aggression.
• Price remains above the moving average crossover — trend bias currently favors bulls.
• However, momentum is slowing, as reflected by shorter candles and lower volume in the last few bars.
🧱 Key Levels:
• Resistance: $106,794.67 ➤ $107,227.96
• Support: $104,357.23 ➤ $102,921.87 ➤ $100,372.26
🧩 Summary: BTC has bounced impressively from the $100K zone and is currently stabilizing. Holding above $105K keeps bullish hopes alive, but any loss below $104K could drag price back into correction territory.
⚠️ DYOR – This analysis is for educational purposes only and should not be taken as financial advice. Always combine TA with macro context and risk management before trading.
💬 Do you think BTC is just cooling off before blasting higher? Or is this a bull trap in disguise? Drop your thoughts below! 👇