#BitcoinPriceAnalysis

Overall Trend
The chart shows a clear short-term downtrend:

* Price declines from roughly 107,500 → 94,000.
* Lower highs and lower lows dominate.
* Moving averages (MA and EMA 5/10/30) remain bearishly aligned for most of the chart, with shorter MAs below longer ones.

Key Levels Observed
Resistance

* Around 107,500: Marked swing high before the major selloff.
* Minor resistance around 100,700–101,000: Previous consolidation area and also an EMA resistance zone.

Support

* Strong bounce at 94,007: Most recent local bottom.
* Next implied support is around 92,600–93,000.

Moving Averages (MA and EMA)

* The MA and EMA groups are largely sloping downward, which confirms sustained bearish momentum.
* Near the right side of the chart, the short-term MAs begin to tighten and turn slightly upward, suggesting:

* A possible short-term relief rally
* Or the start of a consolidation before any trend reversal
These signals are early and not yet confirmation of a reversal.

MACD Analysis

* The MACD shows multiple crosses, typical during a downtrend with intermittent pullbacks.
* Toward the most recent candles, the MACD lines move upward from a low point and the histogram transitions toward zero.
This indicates increasing bullish momentum in the very short term, but it could also represent a temporary bounce.

Market Structure
Downtrend Structure

* Consistent lower highs.
* Consistent lower lows forming a descending channel.
* Weakening momentum toward the right side, with shallower declines.

Current Structure

* Price has bounced from the 94k low.
* Slightly higher lows are forming, suggesting potential stabilization.
* However, the price still remains below important resistance levels.

Short-Term Outlook (15-minute Chart)

Bullish signs

* MACD moving upward.
* Moving averages tightening.
* Price holding above the recent low near 94k.

Bearish signs

* Overall downtrend still intact.
* Price remains below major MA/EMA clusters.
* No break above a key resistance level such as 100.7k.

Possible Scenarios

1. Short-term rebound (the most likely immediate scenario)
Price may test 98,000–100,700 as short-term resistance.
Watch for EMA5 crossing above EMA10 and EMA30 for confirmation.

2. Breakdown scenario
If price fails to stay above 94k, the next support is around 92.6k.
A continuation lower is possible if bearish volume returns.

3. Reversal scenario (least likely until confirmed)
This requires:

* A break and close above 100.7k
* Bullish alignment in moving averages
* MACD turning firmly positive