On the 1-hour BTC/USDT chart, we observe consolidation between 105,000 and 105,600 after a recovery from the local low at 102,664.31. The price is trading above EMA7 and EMA25 but remains below EMA99 (105,891), suggesting a possible transition into a neutral or bullish phase.
MACD is moving into positive territory, but the gap between the lines remains narrow — indicating weak momentum. RSI values are neutral: RSI6 at 52.36, RSI12 at 51.56, reflecting a balanced market with no significant buying pressure.
Trading volume has dropped compared to the earlier spike, suggesting that participants are waiting for a breakout confirmation.
Scenario: if BTC breaks and holds above 105,700 and EMA99, it could rise toward 107,300 and then 109,000. However, a drop below 105,000 and then 104,300 may lead to a retest of 102,600.
