📊 BTC/USDT 4H Analysis
🗓️ Date: May 29, 2025
💰 Price: $107,407
🔻 24h Change: -1.94%
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🧠 Market Sentiment
BTC is currently experiencing a minor retracement after reaching a recent high of $111,980. This pullback appears to be testing a critical support zone around the 99-period MA (~$106,344), which has previously acted as dynamic support.
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🔍 Technical Analysis
Trend:
Mid-term trend remains bullish, but short-term momentum has weakened.
Price has broken below the 7 MA (108,138) and 25 MA (108,702), suggesting bearish pressure.
Key Levels:
Resistance: $108,700 → $111,980
Support: $106,344 (MA99) → $104,235 (horizontal) → $99,898 (previous structure)
Volume:
Decreasing volume on the recent drop hints at a potential exhaustion of sellers, especially near the MA99.
Moving Averages:
Price is sitting right at the MA99, which is often a last line of defense in trending markets.
Failure to hold this level could open a drop toward the $104k–$99k zone.
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🛠️ Trade Setup Idea
📌 Scenario 1: Bounce from MA99 Support
> Entry: $106,300 – $107,000
SL: Below $104,000
TP1: $108,700
TP2: $111,500
Risk/Reward: ~1:2+
This is a high-reward, low-risk scalp if the price confirms support at the 99 MA. Look for bullish engulfing or hammer-type candles on lower timeframes for confirmation.
📌 Scenario 2: Breakdown and Retest
> Entry: Below $106,000 after retest
SL: Above $107,200
TP1: $104,200
TP2: $99,900
Risk/Reward: ~1:2+
Break below MA99 with strong volume can trigger bearish continuation. Ideal for short traders.
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🧭 Final Thoughts
BTC remains in a broader uptrend but is currently in a consolidation/pullback phase. The MA99 is a key battleground. Keep an eye on volume and candlestick confirmation before entering trades. Avoid overleveraging as volatility remains high.