• Current Sentiment and Key Levels:

* Volatility: Bitcoin has been experiencing increased volatility, remaining within a range, with market participants divided on its next direction.

* Daily Trend: While the overall daily trend appears bullish but weak, with the price holding above an ascending trend line and the 200-day EMA, there's a retracement happening.

* Intraday (4H & 1H): Shorter timeframes (4-hour and 1-hour charts) currently indicate a bearish bias, with the price breaking trend lines and trading below key moving averages (EMA200, EMA9/21). Negative MACD bars and expanding ADX suggest strong bearish momentum in these timeframes.

* Support & Resistance:

* Crucial Support: The psychological level of $100,000 is a critical support, with buyers expected to defend it aggressively. A break below this could lead to a deeper correction towards $93,000.

* Current Support Tests: Bitcoin is testing support at around $102,400. A positive reaction is possible, but a sustained break below this level would be a negative signal.

* Resistance: A break above the 20-day EMA would be a sign of strength. Some analysts point to $106,300 as a resistance level, and a break above $113,256 could signal a stronger bullish trend.

Short-Term Price Predictions (Next Hours/Days):

* Some analyses suggest the price could drop to $102,000 or even the $90,000s soon, with calls for a potential liquidity grab at $102.8K before a relief move.

* Other forecasts for the next 24 hours anticipate Bitcoin to trade within the $108,500 to $111,500 range, with an average around $110,000, assuming moderate volatility and no major macro shocks.

* The current price is around $103,911 USD, showing a slight fall in the past 24 hours.

Technical Indicators:

* Moving Averages: On the 4-hour timeframe, the 50-day moving average is sloping down, indicating a bearish trend. On the daily chart, the 200-day moving average is sloping up, suggesting a strong underlying trend.

* RSI: The Relative Strength Index (RSI) is currently in the neutral zone (30-70) on some timeframes, while others show it near oversold (daily) or around 40 (4H and 1H), indicating short-term downward momentum.

* Volume: Negative volume balance indicates that sellers are currently more aggressive than buyers.

Overall Outlook for the Next Hours:

The short-term technical analysis suggests a bearish bias for Bitcoin in the immediate hours, with a potential for continued downward movement or consolidation around current support levels. However, the larger daily trend still shows some underlying bullishness, indicating that buyers may step in at crucial support zones. Given the increased volatility and mixed signals across different timeframes, it's advisable to approach short-term predictions with caution.

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