$BTC
๐ BTC/USDT (4H Chart Analysis)
๐ฐ Current Price
BTC = $115,291.18
๐ข Moving Averages (Trend Signals)
MA(7) = $116,763 (Yellow) โ Short-term trend โ Bearish (price below it)
MA(25) = $117,684 (Pink) โ Mid-term trend โ Bearish crossover
MA(99) = $117,002 (Purple) โ Long-term trend โ Still above price, bearish
๐ All 3 moving averages are above current price โ Bearish pressure dominates
๐ด Candlestick Pattern
Strong red candles with big volume = Heavy selling pressure
Price dropped from $118,600 โ $114,878
Current bounce to $115,200 looks weak
โก Support & Resistance
Support Levels:
๐ข $114,878 โ Immediate support (todayโs low)
๐ข $112,500 โ $113,000 โ Next major support
Resistance Levels:
๐ด $116,500 โ $117,000 โ (near MA(7) & MA(99))
๐ด $118,600 โ Strong short-term resistance
๐ด $120,700 โ Major resistance
๐ Volume
Recent high red volume bar confirms sellers are in control
Buyers are not showing strong demand yet
๐ Conclusion
Trend = Bearish (short & mid-term)
If $114,878 support breaks โ expect $113,000 zone
If BTC can reclaim $117,000+ โ relief rally possible toward $118,600 โ $120,000
โ ๏ธ For now โ short-term trend = DOWN, wait for confirmation before buying.
