Based on the 4-hour (4h) chart from the Binance application you showed, here are some simple technical analyses to predict the direction of BTC/USDT:
🔍 Current Trend Analysis
Current Price: 110,225 USDT
24-Hour Increase: +4.37%
High Volume (24h Vol): 19.692 BTC and 2.12B USDT → supports price rally.
Trend: Clearly bullish, as evidenced by a series of long green candles and a breakout from previous resistance.
📈 Technical Indicators
MACD: The histogram and MACD line (443.38) are well above the DEA (527.91), indicating very strong bullish momentum.
Moving Average:
MA(5): 3540.03
MA(10): 2583.55 Short-term MA is sharply rising, confirming the uptrend.
Volume: Volume spike supports price increase.
🧭 Important Levels
Strong Support: Around 106,500 – 108,800 USDT
Nearest Resistance: 111,038 USDT (already nearly touched)
If it breaks 111,038: Potential further rise to 112,000 – 115,000
🚩 Potential Correction
Due to the rapid rise, be cautious of:
Rejection at resistance 111,000+
Correction to support at 108,800 or even 106,500
📌 BTC Direction Conclusion
Still rising (bullish), but approaching the resistance area. Possibilities:
Short-term rise if volume and momentum remain high
Light correction before continuing upward if a long red candle or declining volume appears
If you are a swing trader, watch for reversal candles around resistance. If you are a scalper, profit opportunities are still there but be careful of FOMO. Good risk management is essential.