1. Short-Term Trend (15-min chart)

Recent Low: $100,372.26

Recent High: $105,737.84

Current Price: $102,748.01

Pattern Observed:

  • A sharp drop followed by a recovery forming a V-shaped reversal.

  • Price is currently facing resistance near MA(25) and MA(99).

Volume: Increased on recovery โ€“ showing potential buy interest.

2. Long-Term Trend

Major Resistance: ~$105,900 (recent high)

Major Support: ~$100,372 (recent low)

Moving Averages:

MA(99): ~$103,415

MA(25): ~$101,975

MA(7): ~$102,542

BTC is currently trading between MA(25) and MA(99) โ€“ which could signal a neutral-to-bullish phase if it breaks above the long-term MA.

3. Momentum Indicators

RSI (based on visible patterns): Rebounding from oversold โ†’ may indicate short-term strength.

MACD Cross: Recently crossed upwards (bullish divergence).

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๐ŸŸข Bullish Scenario

If BTC breaks and holds above $103,500โ€“$104,000, we may see a retest of $105,737 and possibly a new high.

๐Ÿ”ด Bearish Scenario

If BTC fails to break above $103,000 and drops below $101,500, expect a potential retest of the $100,372 support zone.

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