🔍 Technical Overview of $BTC (4H timeframe)
Current Price: around $101,000 – $102,000
Recent High: $107,500
Support Zone: $99,200 – $101,000
Resistance Zone: $103,500 – $105,000
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📊 Moving Averages (MA)
MA(7) ≈ $103,081 — below MA(25) ($104,023) → short-term bearish crossover.
MA(99) ≈ $106,761 — price trading below long-term MA, confirming mid-term bearish structure.
📉 This suggests downward momentum remains unless $BTC closes strongly above $104,000–$105,000.
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💪 RSI (6): 32.86
RSI is near oversold territory (<30 means oversold).
👉 Indicates selling pressure is high, but a short-term bounce or consolidation could happen soon.
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🔥 Volume
Slight increase in red candles → more selling activity, but no panic volume spike yet.
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⚙️ Summary
Trend: Short-term bearish, potential local bottom forming near $100K zone.
Possible Scenarios:
🟢 Bullish bounce: if RSI rebounds + price holds above $101K, BTC may retest $103K–$104K.
🔴 Bearish continuation: if breaks below $99K, next support near $97K–$98K.
