$BTC Technical Market Update: Bitcoin (BTC/USDC)

BTC/USDC shows a significant change in momentum on the 4-hour timeframe, settling at ~106,500 USDC.

Technical Analysis:

The price has undergone a breakout to the upside, surpassing major Moving Averages (MA7, MA25, MA99) with consistent volumes. This indicates a potential short to medium-term trend reversal. The KDJ is in the overbought zone, suggesting the possibility of a consolidation.

Operational Scenarios:

* Bullish: Maintaining above the MAs. Primary target: testing the previous high at 110,680 USDC. A confirmed breakout of this level would open up further gains.

* Bearish: Invalidated with a decisive return below the MA(99) at ~105,800 USDC. Such a movement would bring lower supports back into play at ~104.5k and ~102.7k.

It is recommended to monitor support/resistance levels and volumes.