$BTC BTC/USDT – Technical Analysis

Time Frame: 4 hours and 1 hour (Binance Futures)

$BTC Current Price: $104,190 (approximately)

📊 4-hour Chart Overview:

🔻 Trend:

The market structure clearly shows higher lows and lower highs, indicating short-term bearish momentum.

📌 Key Resistance Levels:

$105,500 – Immediate Resistance

$106,775 – Secondary Resistance

$108,950 – Previous Swing High

📌 Key Support Levels:

$103,000 – Strong Demand Zone

$101,500 – Next Support Level if a drop occurs

📈 Moving Averages:

MA(5): 1272.17

MA(10): 1868.15

→ The price is currently trading below both moving averages, confirming ongoing weakness.

⏱️ 1-hour Chart Overview:

🔸 Market Behavior:

Strong sell-off from $105,550 to $103,500

Minor recovery attempts faced rejection around $104,300

Buyers are losing strength, and candlestick charts show weak momentum

📉 Order Book Sentiment:

Buy Pressure: 0.54%

Sell Pressure: 99.46%

→ Strong sell-side dominance suggests a potential continuation of the decline.

📦 Volume Profile:

Volume of bullish candles is decreasing

→ Indicates weak buying interest during the recovery

🧠 Technical Summary:

🔻 Bias: Bearish

Unless the price reclaims and holds above $105,500, $BTC may revisit the support zone.

🎯 Trade Idea – Bearish Setup

⚠️ Use appropriate risk management. This is not financial advice

Entry Range: $104,500 – $105,200

Profit Targets:

TP1: $103,500

TP2: $101,800

Stop Loss: $106,000

Leverage: 10x–20x (Cross or Isolated)

Risk Management: Use only 1–2% of capital.

🧩 For safer trading, wait for a clear 4-hour candle close below $103,500 to confirm.