Price: 106414.04 | EMA7: 107138.97 | EMA25: 107199.41 | RSI14: 42.3 | Resistance: 108807.29 | Support: 98165.28 | Average Volume: 17.75 | Volume Trend: Decreasing
Based on the 4h chart of WBTCUSDT:
1. It appears that the price is currently bearish, as it's below both EMA7 and EMA25, indicating a weak trend.
2. RSI14 is at 42.29, which suggests a slight overbought condition compared to its average, but also indicates a possible buying opportunity.
3. The MACD line is above the signal line, indicating a bullish momentum.
4. Considering the overall bearish trend and decreasing volume, the best long entry price would be around 104000 - 105000, when the price reaches this level, and the RSI14 is around 30-40, indicating a potential buying opportunity.
5. Given the current price, I would not recommend a long position.
6. To enter a short position, the best entry price would be around 110000, which is near the resistance, and the RSI14 is above 70.
7. As for a spot buy, I would recommend a buy when the price drops to around 99000, considering it's near the lower support and the RSI14 is around 30-40. However, it's essential to consider other market conditions and fundamentals before making any trading decisions.