$BTC BTCUSDT Market Update – Bullish Impulse Meets Early Resistance, What's Next Today?

Bitcoin (BTC) made a strong push to $105,000 but is now entering a consolidation phase with early signs of a minor pullback.

1D & 4H Technical View:

Price is above all key EMAs (7/25/50/99), confirming short-to-midterm bullish momentum.

RSI(6) on the 4H is at 67.1 — close to overbought but slightly turning down, suggesting slowing momentum.

MACD on 4H still favors the bulls, but histogram bars are shrinking.

Support levels to watch: $102,300 (EMA7), $101,300 (EMA25). Resistance remains at $105,000.

15M Short-Term View:

Quick profit-taking occurred after touching $105K.

RSI(6) now neutral at 54.0 — shows room for another bounce.

EMA(7) and (25) are tightening; watch for breakout continuation or deeper retest toward $103,500.

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Prediction for Today – May 11, 2025:

Scenario 1: Bullish Continuation

If BTC holds above $103,800, there's potential for a new push toward $106,200–$107,000.

Scenario 2: Healthy Pullback First

A dip to $102,800–$103,500 is possible before bulls regroup. As long as it stays above $101,300, the structure remains bullish.

Bearish Reversal Risk?

A breakdown below $101,000 would invalidate the bullish bias short-term, targeting $98,800.

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Key Levels to Watch:

Resistance: $105,000 – $106,200 – $107,500

Support: $103,800 – $102,300 – $101,300

Summary:

BTC is bullish but needs to hold above $103,800 today to sustain momentum. Breakout above $105,000 could bring strong upside. Traders should watch volume confirmation and RSI rebound on lower timeframes.