On the 4-hour BTC/USDT chart, the price has confidently moved above all three EMAs (7, 25, and 99), trading near 108,541 after a daily gain of over 3.7%. This confirms a short-term bullish momentum.
MACD shows strong bullish divergence: both DIF and DEA lines are in positive territory, signaling a continuation of the uptrend. RSI(6) is in the overbought zone at 82.28, suggesting potential short-term exhaustion, while RSI(12) and RSI(24) remain elevated at 69.38 and 59.41.
The recent rally was supported by higher volume, reinforcing the move. Key resistance lies at 110,500–111,000, with support near 106,500 (EMA99).
Scenario: if bulls hold above 108,000 with sustained volume, a breakout above 110,500 is likely. However, a drop below 106,500 could trigger a correction toward 104,300 and possibly 102,000.
