$BTC

📊 Current Overview

Price: $112,407.07

24h Change: ▼ -7.56% (strong correction phase)

24h High: $122,550.00

24h Low: $102,000.00

24h Volume:

BTC: 75,318.81

USDT: 8.57B

Bitcoin has experienced a sharp selloff, dropping nearly 8% in a single day — suggesting heavy profit-taking after the recent rally above $120K.

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📈 Moving Averages

Indicator Value Trend

MA(7) 112,406.97 ↘ Short-term bearish crossover

MA(25) 116,874.86 ↘ Weakening support

MA(99) 120,932.22 ↘ Long-term resistance

MA(5 Volume) 1,567.11 Low buying pressure

MA(10 Volume) 5,153.25 Declining trend

👉 The MA(7) < MA(25) < MA(99) alignment confirms a bearish short-term structure — price has fallen below all key averages, which may signal continued downside until a strong support forms.

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🔍 Technical Levels

Type Price Remarks

Resistance 1 114,535 Minor rebound zone

Resistance 2 119,056 Next upside hurdle (MA25 region)

Resistance 3 122,550 Strong rejection zone

Support 1 110,014 Local support

Support 2 105,493 Key demand zone

Support 3 102,000 Critical support floor

⚠️ If BTC breaks below $102K, next downside target could test $98K–$100K area (psychological support).

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📉 Market Sentiment

Volatility: High

Volume: Increasing slightly on red candles → indicates distribution/sell pressure.

Momentum: RSI (approx. based on data) is likely in the 35–40 range, nearing oversold but not yet point.

Trend Bias: Bearish to neutral, until BTC reclaims $115K+ with volume confirmation.

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🧭 Trading Outlook

Short-Term Tra; scalp bounces cautiously.

Swing Traders: Accumulation zones begin below $105K; ideal re-entry if strong support holds.

Mid-Term Holders: Avoid panic selling; correction within range of long-term uptrend

📅 Summary

Trend: Short-term bearish correction

Next key move: Retest of $110K or potential bounce if buyers defend $105K

Bullish confirmation: Break and close above $116K with volume