📊 $BTC Technical Analysis (4H Timeframe) – Binance 🔍
Bitcoin ($BTC ) is currently trading at $108,205, showing a -0.77% drop in the last 4 hours. The price has bounced between a 24h high of $109,174 and a low of $107,429, indicating short-term volatility.
On the 4H chart:
BTC is trading around the 7-day MA ($108,346) and 25-day MA ($108,318), suggesting a potential battle between bulls and bears.
The 99-day MA ($106,872) is providing a solid support level below.
Volume is relatively steady but not showing major buying pressure yet.
Key levels to watch: Resistance at $109,600+, Support at $107,200 and $106,000.
📉 A short-term correction seems to be in play, but as long as BTC holds above the 99 MA, bullish structure remains intact. A break above $109,600 could open the door for another leg higher.
📈 Long-term holders stay strong — BTC is still up 40% in 90 days and 89% in 1 year!
