$BTC
#BTCUSDT | 4H
Bitcoin is trading near 102,720 after a technical rebound from support at 100,837.
The price is below the MA(7) and MA(25) averages, reflecting ongoing selling pressure.
The RSI indicator at 39 indicates weakness, without entering oversold territory.
The MACD remains negative with a separation from the signal line, indicating a lack of upward momentum currently.
A breakout above 103,500 could open the door to test 104,600, while a break below 100,800 would reinstate the bearish scenario.
Crypto Traders Meeting📊 Live Cryptocurrency Market📈 Professional Technical Analysis🔎
