#BTC#

BTC/USDT 4-hour chart analysis
Overview:

* Downtrend: The chart has been generally in a downtrend for the past few days. The price has gradually declined from the peak of $108,967 and is currently trading at $103,612.
* Moving Averages (MA):
* MA5 (104,087.5), MA10 (104,386.5), MA30 (105,239.3): The current price (103,612.4) is below all of these short-term and medium-term moving averages. This indicates that bearish pressure continues in the short term. In particular, the fact that MA5, MA10, and MA30 are in a downtrend respectively also strengthens the bearish signal.
* Average Price (Avg. Price): The "Avg. Price" indicator, which is shown at approximately $104,698.5, suggests that the current price is below this average and could be a possible resistance level.

Recent Price Movements:

* $108,967 Peak: The highest point on the chart is likely a peak of $108,967 seen around June 16.

* Sharp Declines: Red candles with "S" (sell) signals, especially seen after June 16 and on June 20, indicate significant selling pressure. These candles caused the price to fall rapidly.

* 102,336.5 Support: It is seen that the price found some support around June 20 at $102,336.5 and showed short-term recoveries from there. However, this support level does not seem to be permanent.
* Current Status: The last 4-hour candlestick shows that the price is still in a downtrend and continues with low volume.
Volume (Vol):

* The volume bars at the bottom show that volume has increased during large price movements (especially declines), but there has generally been no high buying volume recently. This indicates that buyers are not strong at the moment.
MACD (12,26,9):

* The MACD value (-96.7), DIF (-469.6) and DEA (-372.8) values ​​show that the MACD line is below the signal line and both lines are below the zero line. This confirms that there is a strong downward momentum continuing.
Conclusion:
The BTC/USDT 4-hour chart shows a clear downtrend and selling pressure in the short term. The price moving below the moving averages, low volume and bearish signals from the MACD indicator indicate that the expectation of a strong upward move in the near future is weak. It will be critical to follow the support levels and see if the downward momentum is slowing down. A sustained close, especially below the $102.336 level, could trigger deeper declines.

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