📊 BTC/USDT – 4H Timeframe Technical Analysis

💰 Current Price:

Around $105,531

📈 Trend Overview:

Bitcoin recently hit a new all-time high of $111,814 on May 22, but has since seen a pullback.

Price is currently hovering near the $106,800 – $107,300 support zone — an area that previously acted as a strong bounce point.

📉 Moving Averages:

Both the 50 EMA and 200 EMA are sloping upwards.

A bullish golden cross has formed, signaling strong upward momentum in both the short and long term.

📊 Indicators:

RSI is near 70, which suggests the market is nearing overbought territory and could be due for a short-term pullback.

MACD remains in bullish territory, but is showing early signs of weakening momentum.

🔍 Price Action:

Key support lies between $106,800 and $107,300 — this is aligned with the 200 EMA and has historically seen buyer interest.

If price breaks below this support, the next potential level to watch is around $104,000.

On the upside, resistance sits around $109,600, and then the ATH at $111,814.

✅ Summary:

Trend: Bullish overall, but watch for short-term correction.

Key Support: $106,800 – $107,300

Next Support (if breakdown): $104,000

Key Resistance: $109,600 and $111,814 (ATH)

📌 Trade Idea (Not Financial Advice):

A bounce from $106.8K–$107.3K could provide a long opportunity.

If support breaks, consider waiting for confirmation around $104K.

For bulls, reclaiming and holding above $109.6K is key to retesting the all-time high.

#BTC