#CryptoCharts101 Reading the Market in a $105K BTC World

The crypto markets are buzzing with bullish momentum—Bitcoin has crossed $105,000, and traders are watching the charts like hawks. But what do the signals really mean? Let’s break it down.

The daily BTC/USD chart is showing strong signs of an uptrend continuation. We’ve seen a consistent pattern of higher highs and higher lows, which is classic bull market behavior. The price is holding above key moving averages—particularly the 50-day and 200-day EMAs—suggesting long-term strength. Volume remains healthy, confirming the price moves aren't just noise.

Zooming into shorter time frames (like the 4H or 1H), RSI levels are flirting with overbought, which tells us momentum is strong, but a pullback or sideways consolidation could be next. Traders should watch for support zones around $103K–$104K—those could be good re-entry levels if the rally cools off temporarily.

What’s fueling this chart action? Strong institutional interest, positive regulatory narratives (especially from the U.S. and South Korea), and expanding adoption are pushing prices up. Even meme coins are riding the wave, but BTC remains the anchor.

Pro Tip: Look beyond just candlesticks—track volume, divergence (MACD, RSI), and market sentiment indexes like the Fear & Greed Index, which currently sits at 62 (Greed), signaling bullish euphoria but also a need for caution.