$BTC

Based on the 4-hour chart for BTC/USDT from Binance, here’s a technical trend analysis:

📉 Short-Term Trend: Bearish to Sideways

🔻 Price Action:

The price dropped from a high of 110,530.17 to a recent low of 102,664.31.

It is now attempting to recover, currently around 105,245.79, but still under the local resistance zone near 105,732.

The market structure shows lower highs and lower lows, indicating a bearish bias, but a potential consolidation phase is forming.

📊 Indicators:

RSI (Relative Strength Index) – 47.96

Near the midpoint (50), showing neutral momentum.

No overbought/oversold signal. A breakout above 50 could suggest bullish momentum building.