Chart Analysis - BTC
I am keeping an eye on the movement of $BTC on the 4-hour chart.
The price is around $103,464, with a slight decrease of -0.51%, but still maintaining a good structure in the medium term.
The price remains above the 99-period moving average, which is a positive sign. However, I notice that the 7 and 25-period averages are starting to cross, which may indicate a potential loss of strength in the short term.
The RSI is at 47.75, meaning the market is balanced – neither overbought nor oversold.
I am observing support at $101,651 and resistance at $103,903. If it breaks this resistance with volume, I may consider an entry.
I will continue to monitor the next candles before making any decision.
Are you also following BTC? Let me know in the comments what you are expecting from the next move! And if you liked the analysis, share it with others who invest in crypto!
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