$BTC is currently trading around $101,708 with a recent high at $102,709. Here’s a potential analysis:
1. Resistance and Support:
• The price has rejected at $102,709 (current resistance).
• $100,000 appears to be a psychological and technical support level.
2. EMA Analysis:
• The price is trading above both EMA30 and EMA8, signaling a bullish trend.
3. MACD:
• The MACD histogram is positive, showing momentum, but it seems to be flattening, which could indicate weakening bullish pressure.
4. Volume:
• Volume appears to have dropped slightly, which could suggest a potential pullback or consolidation.
Next Move:
• If the resistance at $102,709 is broken, $BTC could aim for a continuation toward $104,000-$105,000.
• If the rejection holds, $BTC might retrace to test support at $100,000 or $98,700 (EMA30).
Watch for volume confirmation and MACD crossovers to confirm direction.