Yeliz Akmaca 
Bitcoin is signaling the potential beginning of a bullish correction phase. Currently, the price is trading at $104,600. Despite this, the overall trend remains upward. However, technical indicators during the current correction phase are drawing attention. Notably, a potential mini death cross forming on the 4-hour chart stands out as a critical warning.
Bitcoin Mini Death Cross Warning
A mini death cross occurs when the short-term moving average (20 or 26 EMA) falls below the long-term moving average (50 EMA). This weakens momentum and can reverse the bullish trend to bearish. It also triggers stop-loss orders, accelerating short-term declines. On the daily chart, Bitcoin is holding just above the 26 EMA (~$104,500), providing short-term support.
If BTC drops below this level, a pullback towards the $99,800 support is likely. This level is both a psychological support and a previous breakout zone. If the decline continues, the 50 EMA at $96,500 becomes the next key support. In the case of a deeper correction, the $80,000 zone—where the 100 and 200 EMAs intersect—poses a risk.
Trading volume has significantly decreased, clearly indicating weakening bullish momentum. The RSI has dropped to 50, approaching the neutral-bearish boundary. As a result, the market is shifting from a consolidation phase to a distribution phase.
If the price falls below $104,000, the probability of a short-term breakdown increases. However, if this level holds, Bitcoin could quickly rally to the $107,000–$108,000 range. Otherwise, a mini death cross could reverse market expectations.
SHIBA (SHIB) Technical Indicators
Shiba Inu is showing a potential bullish signal despite negative market sentiment. It is currently trading at $0.00001282, just above the yearly low zone. This area has previously triggered sharp recoveries. The daily chart shows SHIB returning to the lower boundary of its accumulation zone for the year.
The $0.0000125–$0.0000130 range has sparked relief rallies in late March and April. However, these attempts failed to break the 200 EMA. Still, buyers are defending the lower band region. The RSI is currently at 39, just above the oversold territory.
Trading volume is low but stable, indicating that selling pressure is not strong enough to cause a major drop. In its recent bounce, SHIB failed to surpass the 50 and 100 EMA levels. However, avoiding a full breakdown suggests that consolidation expectations remain.
If bulls can maintain the current level for a few more days and reclaim the $0.0000135 resistance, a reversal pattern may form. In the most optimistic scenario, the $0.0000157 resistance could be tested. A bounce from the yearly low could invalidate the current bearish structure and spark a broader rally.
***NOT INVESTMENT ADVICE***
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