$BTC
🔹 BTC/USDT Technical Analysis - 4-Hour Timeframe
Current Price: $105,493
#BTC #CryptoAnalysis
🔸 Overall Trend:
The price is trading in a narrow sideways range after bouncing from the low of $100,305. The most significant resistance currently at $106,600 (MA99), and the most notable support at $102,000.
🔸 Technical Indicators:
Moving Averages: The price is below MA25 and MA99, indicating ongoing selling pressure.
RSI: Moving between 46-54, reflecting indecision in momentum and a lack of clear control from buyers or sellers.
MACD: Indicates a weak positive crossover, but momentum remains limited.
🔸 Technical Outlook:
A strong close above $106,600 could restore bullish momentum towards $108,900.
Breaking the support at $102,000 could bring the price back to the $99,700 areas.
📌 Recommendation:
Wait for the price to exit the sideways range and monitor the breakout or breakdown to confirm the trend.
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