$BTC Technical Analysis Report for $BTC /USDT based on the 4H chart:

🧠 Chart Overview (4H Time Frame)

Current Price: $103,421.22

Change in 24h: ▼ -1.29%

High in 24h: $106,524.65

Low in 24h: $102,345.00

Volume: 16,479 BTC / $1.72B USDT

🔍 Price Action Analysis

BTC recently dropped from a local high of $108,952 to a low of $102,345, indicating strong bearish pressure.

There was an attempt at recovery, but the last candle remains below the key resistance of $104,000, indicating rejection and weakness.

📉 Trend Analysis

The short-term trend is bearish as the price forms lower highs and lower lows.

Bearish engulfing candles indicate strong