Bitcoin (BTC) Analysis
BTC trades around $109,738 (-0.22%), showing bearish pressure on the 1-hour chart and bearish momentum across the 4-hour timeframe. The daily trend remains neutral, while the broader weekly structure is bearish. Momentum indicators show RSI near 40, with RSI at 39.98, and the MACD suggesting bearish momentum.
Volume has been moderate, confirming bearish sentiment. Volatility (HV10 ≈ 0.22) signals caution.
Key Levels and Trading Outlook
Support and Resistance
- •Support: $109,425, $108,800
- •Resistance: $110,007, $111,500
Exponential Moving Averages (EMAs)
- •EMA20 = $110,153
- •EMA50 = $110,781
- •EMA200 = $111,822
Trading Strategy
For traders, the short-term setup favors short positions, with opportunities emerging if price holds above $110,500 or rebounds from $108,800. A daily close beyond those zones would likely unlock momentum toward $111,500, while failure to defend support could invite a pullback to $107,500. Macro sentiment remains cautious, echoing trends across major cryptocurrencies like Bitcoin and Ethereum.
