$BTC Zone $106,000–$107,000 recently acted as resistance, and a sustained move above this is needed to confirm the upward trend.

Technical Indicators

Moving Averages (MAs):

4H Chart: Bitcoin is trading below the 20-, 50-, and 100-EMA (e.g., 100-EMA at $104,553), indicating short-term downward pressure. However, the 200-EMA at $102,337 remains a key support.

Daily Chart: The 50-day MA is rising and is below the current price, suggesting potential support for future price movements, while the 200-day MA is declining, indicating a weaker long-term trend.