$BTC The price has recently pulled back from an all-time high of $111,980 and is testing key support levels amid short-term volatility driven by geopolitical tensions and institutional activity.

Key Technical Indicators:

Moving Averages:

4-Hour Chart: The 50-day moving average (MA) is sloping upward, indicating a bullish short-term trend, but the 200-day MA has been declining since June 15, 2025, suggesting a weakening longer-term trend. The price is currently below the 20-day ($106,211), 50-day ($103,110), and 100-day ($98,807) exponential moving averages (EMAs), signaling a short-term technical breakdown.

Relative Strength Index (RSI):

On the 14-day timeframe, the RSI is at 50.63, indicating a neutral market position, neither overbought (above 70) nor oversold (below 30). However, some sources note oversold conditions on shorter timeframes, suggesting a potential relief bounce if support holds.

Bullish Strategy: Buy on dips near $102,500–$100,000, targeting $108,000–$110,000. Set stop-loss below $98,000 to manage risk.

Bearish Strategy: Short near $106,000–$110,000 resistance with a target of $100,000, but monitor for a breakout above $110,000 to avoid losses.