$BTC
🔹 BTC/USDT Technical Analysis
📉 Current Price: $102,993.81 (-1.29%)
🕒 Time Frame: 4 Hours
General Trend: The price failed to break through the resistance at $106,500 and strongly reversed downwards, recording a new low at $102,345.
Moving Averages: A bearish crossover between MA(7) and MA(25) reinforces selling pressure.
Technical Indicators:
RSI(6): At 29.18, indicates entry into the oversold zone.
MACD: Ongoing bearish crossover with clear downward momentum.
Trading Volumes: Notable increase with the last red candle confirms the strength of the selling movement.
📌 Next Support Level: $101,800
📌 Nearby Resistance Level: $104,600
✳️ Outlook: Continued selling pressure unless the level of $104,000 is reclaimed. Breaking support at $102,000 may open the way for further decline.
