✅ $BTC in Decision Zone: What to Expect in the Next Few Hours?” Keep reading and I’ll tell you everything about $BTC Today at this very moment at 2:24 pm 15m Candles
Analyzing the current BTC/USDT chart, I notice some crucial points that indicate the direction of the market in the next few hours. The price is close to the 25-period moving average, acting as dynamic support, while the 7-period moving average suggests a start of recovery after the recent pullback. This could be a sign of stabilization, but we still don’t have clear confirmation of a bullish move.
The volume in the last few hours revealed a peak during the rally, followed by a drop, indicating that the buying momentum momentarily lost strength. This reduction in volume could be a reflection of an ongoing consolidation, while the market evaluates its next move.
The RSI is neutral, around 50, showing balance between buyers and sellers. However, a break below this level could signal increased selling pressure. The MACD still points to buying strength, but the shorter histograms suggest a slowdown at the moment.
The main resistance is in the region of 106,850, a level that the price has already tested and retreated from. On the other hand, the immediate support is around 103,400, reinforced by the recent history and longer moving averages.
My view for the next few hours is that BTC should continue to oscillate between these levels, while seeking to accumulate strength to break the resistance. Keep an eye on the volume and RSI to anticipate the next decisive move! #BTCStateReserves #BTCFocus #BTC🔥🔥🔥🔥🔥