$BTC

*Technical Analysis*

Current Price: ~$104,733, with a 0.25% decrease in 24 hours. Here's the technical analysis based on the provided data:

*Trend:*

- Sell signal on the daily timeframe

- Buy signal on the weekly timeframe

- Strong buy signal on the monthly timeframe

*Indicators:*

- 20-day MA: $106,626 (sell signal)

- 50-day MA: $101,398 (buy signal)

- 200-day MA: $95,367 (buy signal)

- RSI (14): 54.29 (neutral), with potential bearish divergence

- MACD: 859.16 (buy signal), but with weekly bearish divergence risk

*Support and Resistance:*

- Support: $102,400 and $104,000

- Resistance: $106,000 (strong) and $108,000

*Chart Patterns:*

- Cup and Handle (bullish) if price breaks through $106,000

- Risk of breakdown from Ascending Megaphone if $102,000 support is breached

*Projections:*

- Bullish: Breakout above $106,000 → target $108,000

- Bearish: Failure to break through $106,000 → drop to $103,000 or $100,000

*Recommendations:*

- Monitor $106,000 for breakout or rejection

- Short-term traders use tight stop-loss below $102,000

- Long-term investors can accumulate at $102,000–$104,000

*Warning:*

- High volatility, pay attention to global risk-off sentiment (Middle East conflict, NASDAQ stocks)

DYOR