$BTC
4-hour chart you provided for BTC/USDC, here are some observations and a short-term price prediction/analysis:
🔍 Technical Indicators Observed:
📉 Price Action:
Current price: $117,178
Price has dropped sharply from a recent high of $124,556, showing bearish momentum.
The price is now below all major EMAs (9, 21, 50), which is typically a bearish signal.
📈 Exponential Moving Averages (EMA):
EMA(9): 119,038
EMA(21): 119,488
EMA(50): 118,772
Price is below all 3 EMAs, suggesting downward pressure and a short-term bearish trend.
📉 MACD:
DIF: -141.23
DEA: 330.82
MACD: -472.05 (bearish crossover and divergence)
Histogram is strongly negative → further supports bearish momentum.
📊 Volume:
Recent spike in red volume bars, indicating strong selling pressure.
🔻 Stochastic RSI:
STOCHRSI: 12.07
MASTOCHRSI: 14.77
Both are deep in the oversold zone (<20) — suggesting a possible short-term bounce or consolidation, but no confirmation yet.
📈 Short-Term Prediction (Next 4–12 hours):
🔻 Bias: Bearish
BTC is showing strong downward momentum after failing to hold support near 119,000.
If it breaks below the recent low of 117,012, the next key support could be around 115,700–116,000.
Reversal is possible, but only if the price closes above EMA(50) (~118,772) and gains bullish volume.
🔄 Possible Scenarios:
🟥 Bearish
Breaks below 117,000
Suport 115,700 → 114,500
🟨 Sideways
Holds between 117,000 – 119,000
Consolidation range
🟩 Bullish Bounce
Moves above 119,500 and holds above EMA(50)120,500 → 121,200
📌 Summary:
Momentum is bearish.
Oversold conditions may cause a temporary bounce, but trend is down unless bulls reclaim the EMAs.
Short-term traders should be cautious and use tight stop-losses.
