The bearish strength in this 4-hour BTC/USDT chart appears moderate, not overly strong. Here's why:
Bearish Factors:
1. Price Below EMA (99) ($98,028.82):
BTC is struggling to break above the long-term EMA (99), indicating that the broader trend is still bearish.
2. Lower Highs & Lower Lows:
BTC recently reached $102,500.01 but dropped to $91,231.00, forming a lower high structure.
3. Weak Momentum:
Price is moving sideways with no strong upward push, meaning buyers are not dominating yet.
Bullish Hints (Limiting Bearishness):
1. Short-Term EMAs Holding:
EMA (7) and EMA (25) are close to the price, showing some support.
2. Recent Recovery from $91,231.00:
BTC bounced from a lower level, meaning sellers arenโt fully in control.
Conclusion:
Bearish Trend: Moderate (not extreme)
Confirmation of Strong Bearish Move: If BTC drops below $96,000 and fails to hold support, it could turn more bearish.
Bullish Reversal Needed: A strong move above $98,200 - $100,000 would weaken bearish pressure.
For now, caution is advised as BTC is in a neutral-to-bearish phase with potential to turn bullish if resistance breaks.