From the 4-hour chart of BTC/USDT shown above, we can make the following analysis and predictions:

1. Current Price: The current price of BTC is $69,715.28, showing a slight increase of 0.30%.

2. Moving Averages (MA):

• The 10-day moving average (blue line) is approximately near $69,468.12.
• The 60-day moving average (red line) is near $69,404.32.

1. Volume: The trading volume is relatively low, indicating a lack of high market trading sentiment. This may suggest that the current uptrend lacks sufficient buying momentum.

2. MACD Indicator:

• The MACD indicator shows that the blue line (MACD line) is below the orange line (signal line), but the gap between them is narrowing. This suggests the possibility of an upcoming bullish crossover (blue line crossing above the orange line), which is typically a bullish signal.
• The MACD histogram shows decreasing red bars, indicating a weakening selling pressure.

1. Support and Resistance Levels:

• The current support level is around $69,000. If the price falls below this level, it may further decline to $67,806.62 and $66,393.05.
• The immediate resistance level is at $70,000, which is a psychological barrier. If broken, the next resistance level will be around $71,000.

Predictions:

• In the short term, if BTC can stabilize above $69,000 and the MACD line forms a bullish crossover, the price is likely to further rise, challenging the $70,000 resistance level.
• If the price can break above $70,000 with a significant increase in trading volume, it may further rise to $71,000.
• If the price fails to break above $70,000 and falls below the $69,000 support level, there may be further retracement, targeting $67,806.62 and $66,393.05.

Summary: The current BTC price is at a critical technical level, with the potential to break above $70,000 in the short term, but it requires support from trading volume. Investors should closely monitor key support and resistance levels to make informed trading decisions.

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