$BTC Weekend: Where We Are and Where We Are Going This Weekend?
If we rely on the 4-hour chart analysis of BTC at this moment, we will continue downhill. See why!
The current price of 104,973.62 is below the EMAs of 7, 25, and 99 periods, which suggests ongoing selling pressure.
The RSI (relative strength index) at 35.92 is below 40, indicating that the asset is approaching the oversold zone — reinforcing the short-term negative bias, although there may be occasional technical reactions.
Remember when I said I don’t like to trade on weekends? Well, the volume is decreasing. Note that the average volumes (1,230 vs. 3,104 over the last 5 and 10 candles) show that buyers are less active — another sign of weakened demand.
The recent peak at 111,980 and support at 100,372, culminating in the loss of momentum after the peak, suggests that the asset may be retreating to test previous supports.
Despite this, it is always good to consider that in highly volatile markets like this, reversals can happen quickly — especially if there is any relevant macroeconomic or institutional event.
This is my personal analysis, and if you are thinking of trading, remember to do your own analysis and that this market is very volatile.
Have a great weekend everyone!
