BTC 4H Analysis:
š Trend Analysis:
ā¢ BTC is showing steady upward movement on the 4H chart, consolidating around 98,000 š. After a sharp correction, mid-term trends are stabilizing near the upper range of consolidation.
š Moving Averages:
ā¢ Short-term MAs (7 & 25) are turning up, signaling bullish momentum š.
ā¢ The long-term MA (99) is flattening, and the price is above it, suggesting a potential shift towards a stronger mid-term trend.
š Volume Analysis:
ā¢ Periodic volume spikes indicate active market participation š.
ā¢ Recent candles show slight volume increases, hinting at more upside in the short term!
š Support & Resistance:
ā¢ Support: 96,400 (MA25) & 94,000 šŖ.
ā¢ Resistance: 100,000 š§. A breakout here could fuel a bigger upward move!
#BTC #bitcoin #CryptoAnalysis #MarketTrends #TechnicalAnalysis