Accurate technical and financial analysis for BTC/USDT based on chart data (4-hour time frame)
✅ First: Technical analysis
🟢 Current price: 104,930.25 USDT
Change over 24 hours: -0.39%
Highest price in 24 hours: 106,252
Lowest price in 24 hours: 104,300
🧭 Technical indicators:
Indicator Reading Analysis
STOCH RSI 57.08 Slight increase, still in the neutral area
RSI (6) 40.02 Weak momentum, near the oversold area
KDJ K: 40.6 / D: 43.79 / J: 34.45 Previous negative crossover, but the indicator is stabilizing now, still weakly negative
MACD MACD: -121.01 / DIF: -703.44 / DEA: -582.43 Negative crossover, but there is convergence between the lines, a positive crossover is likely soon
OBV -87,525.93 Continuous selling pressure, downward volume higher than upward
Wm%R (14) -60.84 In the middle of the negative path, the market is still unattractive for strong buying
Volume Low compared to previous peaks, no strong buying support
📉 Price chart and movements
A strong rebound occurred from the low 102,664.31, but the price has so far failed to regain the 106,000 resistance.
The moving averages (MA5 and MA10) are converging but the overall trend is still bearish.
The last candle indicates hesitation in direction.
🧾 Financial and market analysis
The market is experiencing a correction after a strong previous rise.
Weak trading volume diminishes the chances of breaking resistance in the short term.
The absence of strong news currently increases the likelihood of sideways volatility or a quiet decline.
with a slight downward trend.
📊 Supports and resistances
Support Resistance
104,300 (Strong) 106,250 (Very strong)
102,660 (Lowest low) 107,000
101,300 (Psychological support) 109,000
📌 Recommendations and decisions:
✅ For those who own BTC:
Do not sell now unless there is a clear break of the level 102,600 with high trading volume.
Watch the area 106,200 – 107,000 for partial selling if a breakout is confirmed.
✅ For those who wish to buy:
Do not enter now. Wait:
Either a successful test of support 102,600 + positive indicators (RSI rising above 50, MACD positive).
Or a clear breakout of resistance 106,250 with large trading volume.
⏳ Best potential buying point:
Between 102,700 – 103,500 provided that reversal signals appear.
❌ Avoid:
Entering during the current volatility without confirming the direction.
Buying above 106,500 as it is a profit-taking area for speculators.
📅 Predictions for the next 24–48 hours:
Overall trend: Sideways to slightly bearish.
Potential turning point: If breaking 106,250, the market will head towards 108,000.
Likely scenario: Continued volatility between 104,000 – 106,000