📉 BTC/USDT Daily Analysis — Momentum Slowing, Support in Sight

Bitcoin is currently trading at 118,758.23 USDT, down -0.43% on the day. After a strong rally, BTC is showing signs of cooling off, with momentum indicators flattening and price approaching key support zones.

🔍 Trend & Structure:

- EMA(34): 115,481.51

- EMA(89): 110,142.46

- EMA(146): 105,535.17

- EMA(200): 101,820.38

BTC remains above all major EMAs, confirming a bullish medium-term trend. However, the current pullback suggests a possible retest of lower EMAs if momentum fades.

📊 Momentum Indicators:

- MACD: Bullish but flattening (DIF 726.90 > DEA 619.15, MACD 107.76)

- RSI(6): 65.24 — still in bullish territory, but no longer overbought

MACD histogram is narrowing, indicating slowing momentum. RSI is cooling off from recent highs, suggesting a pause or mild correction.

🔧 Volume & Participation:

- MA(5): 14.76M

- MA(10): 12.42M

Volume remains healthy, but not accelerating — a breakout will need stronger participation.

📌 Key Levels:

- Resistance: 123,248.60 → 123,962.68

- Support: 112,697.94 → 108,324.53 → 101,433.21

BTC is consolidating below the 123K resistance zone. A daily close above this level could reignite bullish momentum. On the downside, 112K is the first support to watch for a bounce.

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⚖️ Summary:

- ✅ Bullish trend intact above EMAs

- ⚠️ Momentum slowing — possible short-term pullback

- 🔍 Watch RSI and MACD for confirmation of next move

Stay patient. Let price action confirm before jumping in. 📊🧠

#BTC #bitcoin #BTCUSDT

$BTC