Bitcoin at a Crossroads: Key Resistance Test Ahead
ssglife·@hooiyewlim·
0.000 HBDBitcoin at a Crossroads: Key Resistance Test Ahead
 **Technical Analysis (4H Chart –BTC/USDT)** **As of: \$105,074.55 (+1.79%)** --- ### 1. **Trend Overview** * Price has bounced strongly from the low of **\$100,372.26**. * Current price is **testing the EMA(99)** (**\$105,230.97**) as resistance. * Candle bodies are pushing above EMA(7) and EMA(25), showing **short-term bullish momentum**. --- ### 2. **Key EMAs** * **EMA(7):** \$104,434.93 → Turning upward, supports short-term bullish trend. * **EMA(25):** \$104,459.08 → Crossed above recently, bullish signal. * **EMA(99):** \$105,230.97 → Acting as **immediate resistance**. --- ### 3. **Volume & Momentum** * Volume peaked on the recent bounce; now **slightly declining**, suggesting **cautious buying**. * **RSI(6): 62.89** → Momentum is strong but not overbought; room for further upside before hitting exhaustion. --- ### 4. **Key Levels** * **Immediate Resistance:** \$105,230.97 (EMA99), then \$105,702.86. * **Support:** \$104,289.93 (recent minor low), and major at \$100,372.26. * **Volume MA(5):** Lower than MA(10) → Shows **volume compression**, possible breakout brewing. --- ### Conclusion : Bitcoin is staging a recovery and testing critical resistance. A breakout above **\$105,230** could trigger further gains, but failure to break may result in short-term consolidations.
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