BTC/USDT Medium-Term Market Analysis

1. Summary

The current market shows mixed signals, with bullish momentum on the 1-hour timeframe but bearish pressure on the 4-hour chart. The short-term trend appears upward, but medium-term indicators suggest caution due to weakening momentum.

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2. Technical Indicator Analysis

1-Hour Timeframe (Bullish Bias):

• Buy Signals (30) > Sell Signals (13), indicating short-term bullish momentum.
• EMA (9 > 20), MACD (bullish crossover), and DMI (positive trend) support an uptrend.
• RSI (65.01) is near overbought but not extreme, suggesting room for further upside before a pullback.
• CMF (0.1108, positive) indicates buying pressure.

4-Hour Timeframe (Bearish Bias):

• Sell Signals (24-32) > Buy Signals (9-16), suggesting medium-term weakness.
• ADX (31.13, declining trend strength) and DMI (bearish crossover) indicate weakening momentum.
• MACD (negative histogram) and RSI (45.05, neutral) suggest consolidation or downside risk.
• OBV (negative) shows distribution, meaning selling pressure is present.

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3. Price Analysis

• Short-Term (1h): BTC is in an uptrend, breaking past resistance at 105,500 and testing 106,100.
• Medium-Term (4h): The price is struggling to hold above 105,000, with resistance near 106,200-106,500.
• Trend Strength: The 1-hour trend is strong, but the 4-hour chart shows fading bullish momentum.

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4. Support and Resistance Levels

• Key Support:
  • 104,300-104,500 (recent swing low, 4h demand zone)
  • 103,800-104,000 (stronger support, previous consolidation)
• Key Resistance:
  • 106,100-106,500 (immediate resistance, recent highs)
  • 107,000-107,500 (next major hurdle, 4h supply zone)

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5. Outlook

• Short-Term (Next 24-48h): Likely continuation of the uptrend toward 106,500, but a pullback to 105,000-104,500 is possible if momentum fades.
• Medium-Term (Next 1-2 Weeks): If BTC fails to break 106,500, a deeper correction toward 103,800-104,000 is possible. A sustained break above 107,000 could signal a bullish reversal.

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6. Risk Factors

• Overbought Conditions (1h RSI near 65): A short-term pullback is possible.
• Bearish Divergence (4h MACD): If selling pressure increases, BTC may retest lower supports.
• Low Volume on Breakouts: Recent moves lack strong volume, increasing risk of false breakouts.

Final Thoughts

The short-term trend favors bulls, but the medium-term outlook remains cautious. Watch for a breakout above 106,500 for bullish confirmation or a drop below 104,300 for bearish continuation. Adjust positions based on volume and key level reactions.