🚨 BTC/USDT 4H Chart Breakdown – Bulls Taking a Breather? 🐂📉
Bitcoin is currently trading at $102,895, showing a -1.10% dip in the past 4 hours. After failing to hold above resistance near $106,500, BTC has retraced toward the $102,800–$102,600 support zone.
🔍 Key Observations:
Price is trading below all key moving averages (MA7, MA25, MA99) — indicating short-term bearish momentum.
MACD is turning negative again, suggesting downward pressure could continue.
Volume has remained relatively steady, but there’s no strong bullish divergence to hint a reversal yet.
Closest support: $102,664
Resistance: $104,600–105,800 zone
📉 If BTC breaks below $102,600 with volume, we may see a deeper correction. But holding this zone could trigger another bounce.
💡 Patience is key. Don't rush, let the candle tell the story! 🕯️
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