$BTC Based on the 4-hour chart for BTC/USDT from Binance, here’s a technical trend analysis:
📉 Short-Term Trend: Bearish to Sideways
🔻 Price Action:
The price dropped from a high of 110,530.17 to a recent low of 102,664.31.
It is now attempting to recover, currently around 105,245.79, but still under the local resistance zone near 105,732.
The market structure shows lower highs and lower lows, indicating a bearish bias, but a potential consolidation phase is forming.
📊 Indicators:
1. RSI (Relative Strength Index) – 47.96
Near the midpoint (50), showing neutral momentum.
No overbought/oversold signal. A breakout above 50 could suggest bullish momentum building.
2. MACD:
MACD line is starting to flatten and turn upward.
Histogram is turning positive, suggesting weak bullish divergence or a pause in bearish momentum.
3. Volume:
Volume is decreasing after a spike — usually a sign of weak conviction in the recent move.
Low volume could lead to sideways movement unless volume returns with force.
🔍 Support & Resistance:
Resistance: 105,732 → 107,462 → 109,192
Support: 104,001 → 102,664 (strong) → 102,271 (next key level)
📌 Conclusion:
Short-term bias: Consolidation
