Let's analyze BTC on the daily!
The current price is at 104,943, working close to a support area that holds in the range of 103,500 to 104,000, where several previous defenses have occurred. The moving averages are weighing against the price in the short term. The MA7 (105,464) and MA25 (106,083) are functioning as dynamic resistance, which limits upward movements until they are broken.
The RSI(6) at 42 shows a loss of buying strength in the very short term, but it is not oversold, indicating a neutral zone with a weakness bias. The MACD remains negative (-430.34) and well below the signal line, reinforcing the trend of consolidation or slight selling pressure until a reversal trigger occurs. The KDJ also shows K below D, indicating weakness at the moment.
In summary: BTC is lateralized, holding support, but struggling to break through the averages. The current scenario does not have a clear upward strength, but it also has not lost important supports. If it loses 103,500, it opens up space to reach 98,900 and even 94,300. To regain buying strength, it needs to break and close above 106,100, where the structure changes for the short term. For now, the scenario is more favorable for scalping and ultra-short-term swings, as long as this consolidation is not broken.