$BTC

Here is the technical analysis from the BTC/USDT 4-hour chart you sent from Binance:

🧠 Quick Summary

Current Price: $107,165

24-hour Change: +1.68%

24-hour High: $108,952

24-hour Low: $104,980

Positive MACD volume, short-term trend starting to strengthen

📊 Candle Analysis & Price Patterns

BTC is forming consecutive green candles, indicating a strong rebound from support around $102,664.

After touching local resistance at $110,392, the price corrected slightly but is still holding above $107,000.

This pattern reflects a short-term uptrend, but it has not yet broken through strong resistance.

🔍 Support and Resistance Levels

Nearest Support: $105,678 – $104,980

Strong Support: $102,664

Nearest Resistance: $108,952 – $110,392

Strong Resistance: $111,500+

📈 MACD Indicator

MACD Line: 290.02

DIF (Histogram): 263.13

DEA (Signal): -26.89

👉 Positive histogram and the gap between MACD and signal indicates that upward momentum is starting to strengthen, an early bullish signal.

📊 Volume

Volume is increasing ahead of the breakout — this confirms valid upward movement, not a false breakout.

📈 Moving Average

MA(5): 2.368

MA(10): 2.026

👉 MA(5) > MA(10): golden cross → short-term bullish indication.

📌 Conclusion & Strategy Suggestions

Current Trend: Short-term Bullish

Potential Entry: Buy on dip around $105,500–$106,000 (near MA support & minor support)

Take Profit Target: $108,900 – $110,300

Cut Loss: If breakdown below $104,500 (confirmation of reversal)

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