Based on 4-hour BTC/USDT chart, here's a short-term technical analysis for the next 24 hours:
---
Pattern & Structure:
Consolidation: Price is consolidating within a symmetrical triangle pattern.
Support zone: Around 102,600 (marked by the lower blue trendline).
Resistance zone: Near 104,500–106,000 (upper boundary of triangle and previous rejection area).
---
Key Technical Indicators:
200 EMA (purple): Rising and currently near 100,413, acting as a strong dynamic support.
50 EMA (blue): Price is currently above it, indicating short-term bullish strength.
---
Scenarios:
Bullish Breakout:
If BTC breaks above 104,500–105,000 with volume:
Target 1: 106,000–106,500 (resistance zone)
Target 2: 108,000+ if momentum follows through
Bearish Breakdown:
If BTC breaks below 102,600:
Target 1: 100,400 (200 EMA)
Target 2: 98,500–99,000 (prior demand zone)
---
Strategy Suggestion:
Neutral bias inside triangle; wait for breakout confirmation.
Volume and candle close outside the triangle on 4H will validate direction.