🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
📊 BTC/USDT Market Analysis & Price Predictions 🔍
Current price: 107,944 USDT
24-hour change: -0.68%
Highest price in the last 24 hours: 108,784 USDT
24H low: 107,222 USDT
📉 Market Overview (1H Chart Analysis )
Bitcoin is currently consolidating in a narrow range between 107,200 and 108,800 USDT after facing a sharp decline from 109,000.
The market remains under pressure with consistently forming lower highs, indicating that bears are still active, while buyers defend the support area of 107,200.
🔍 Technical Indicators:
MACD: It shows a slow recovery from the bearish zone, although the momentum remains weak.
Relative Strength Index (14): hovers around 41–45, indicating slightly oversold conditions but lacking breakout strength.
WR ( Williams %R ): approximately -54 to -65, indicating that the market is still in the lower zone and is still overbought.
MA & EMA: All moving averages (MA5, MA10, MA30) are trending downwards, which limits upward movements.
🔮 Multi-Timeframe Prediction
📅 Expect 1H:
The trend is likely to be sideways to a slight decline until a clear breakout occurs above 108,300 USDT.
If BTC drops and stabilizes above 107,500 USDT, we may see a test of recovery to 108,400 USDT.
The break below 107,200 USDT may accelerate towards 106,800 USDT.
📅 4-Hour Forecast:
The negative outlook continues unless BTC recovers to 108,800 USDT.
A lower peak structure is forming, keeping the price movement within a descending channel.
The possibility of a rebound from 107,200–107,500 USDT to test 108,600 USDT before the next trend.
📅 Daily forecast:
The market is still weak below 109,000 USDT.
Closing a daily candle above 109,200 USDT would change the momentum to bullish in the short term.
If it is not recovered, BTC risks sliding towards 106,500–106,000 USDT in the upcoming sessions.
📊 Custom chart for BTC/USDT price trend
Main levels:
📍 Resistance: 108,800, 109,200
📍 Support: 107,500, 107,200, 106,800
#BTC#