$BTC /USDT trading pair on a 4-hour timeframe. Here's the analysis based on the chart details:

Key Observations:

1. Price:

Current price: 96,866.12 USDT

24-hour High: 99,540.61 USDT

24-hour Low: 93,723.25 USDT

Price change: +3.13%

2. Moving Averages (MA):

MA(7): 97,652.44

MA(25): 100,498.09

MA(99): 100,578.06

The current price is below the short-term MA(7), mid-term MA(25), and long-term MA(99), indicating potential bearish sentiment in the medium term.

3. Indicators:

Stochastic RSI (K/D/J):

K=66.78, D=57.06, J=86.23

Stochastic levels suggest the price is nearing overbought conditions, which may indicate a potential short-term pullback.

MACD:

DIF: -1,532.09, DEA: -1,542.35, Histogram: 10.26

The histogram shows slight bullish momentum as the MACD is recovering from a bearish zone, but the DIF and DEA are still negative.

4. Volume:

24-hour BTC volume: 36,415.16 BTC

24-hour USDT volume: 3.54B USDT

Volume spikes suggest high activity at certain price levels, particularly near the support at 90,500.00.

5. Support and Resistance Levels:

Support: 90,500.00 (recent low)

Resistance: 99,540.61 (24-hour high) and 102,699.55 (previous high)

Possible Scenarios:

Bullish Scenario: If the price holds above the current level and breaks above the MA(7) at 97,652.44, a retest of the resistance near 99,540.61 could occur. A breakout above this level might lead to further upside toward 102,699.55.

Bearish Scenario: A drop below 96,000.00 could see BTC retest the critical support at 90,500.00.

Trading Recommendation:

1. Short-Term:

Watch for a breakout above 97,652.44 or a breakdown below 96,000.00.

Consider entering long positions above 97,652.44 with a target near 99,540.61.

Short positions may be considered if the price falls below 96,000.00, targeting 93,723.25 or lower.

2. Indicators to Watch:

MACD: Look for crossover into positive territory for confirmation of bullish momentum.

Stochastic RSI: Monitor overbought/oversold zones to anticipate potential reversals.$BTC #BTCNextMove