#BTC General Assessment and Short-Term Expectations#

Bitcoin currently appears to be in a horizontal consolidation or distribution phase at $105,625.

* Possible Scenarios: Some technical analyzes point to a possible "Head and Shoulders" formation on the 4-hour chart. The neckline of this formation is around $104,000 - $105,000. If this neckline is broken downward, the decline may accelerate and $103,557 and $102,261 levels may be targeted.
* RSI (Relative Strength Index): It is stated that negative divergences are seen in the RSI. This may indicate that the momentum is weakening as the price rises and may be a harbinger of a correction or decline.
* Volume: Increasing selling pressure is observed in the volume analysis. However, approaching the lower support levels may also mean that it may form the ground for a potential trend reversal.
* For Upward Movement: For the continuation of the rise, a break above USD 108,000 and its support with volume is required.

Conclusion:
BTC may follow an indecisive course in the short term. The USD 104,000 - 105,000 support band is of critical importance. A close below this level may accelerate the decline. For the upward movement, the USD 108,000 resistance must be overcome with volume. Although the MACD indicators give mixed signals, the expectation of an increase in the long term continues.