$BTC ๐ BTC/USDT Analysis: Price Cooling After Local Highs ๐
Bitcoin (BTC) is currently trading at $103,857 ๐ฝ, down -2.13% in the last 24 hours. After hitting a local high of $111,980 ๐, BTC has entered a short-term correction phase, with price moving below the 7-day and 25-day MAs โ a clear sign of weakening momentum. ๐ The MACD remains bearish ๐, with widening distance from the signal line, suggesting sellers are still in control.
However, the bigger picture still favors bulls ๐. BTC is holding well above the 99-day moving average (~$95,600), acting as strong long-term support ๐ก๏ธ. If it can maintain levels above the key $100K psychological mark ๐ฏ, we could see a recovery. Otherwise, a retest of support zones near $97Kโ$95K may be on the table before the next leg up. โ๏ธ
