$BTC current market sentiment and possible entries
#DontMiss_Ellon_Mask #ellonmask_comeback_for_new_era #ellonmask 🔍 Technical Overview (1D Timeframe)
📉 Current Price: $103,080
24H High: $105,909
24H Low: $100,372
Price Change: -1.37% (mild correction)
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📊 Indicators & Signals:
📏 Fibonacci Retracement
Recent swing low: ~$74,508
Swing high: ~$111,980
Key levels:
0.236 → $100,372 ✅ Currently holding
0.382 → $95,785
0.5 → $93,244
0.618 → $90,704
→ Price is hovering at the 0.236 level, which acts as a support zone.
🔁 Chart Pattern
Double Top (Bearish Reversal) around 111k → 2 peaks
Downtrend Channel visible via red trend lines
Support zone near 97,365 marked from previous structure
🔥 RSI (6): 37.58
Bearish zone – still has room to fall before oversold
Downward momentum likely unless bounces above 50
📉 STOCH RSI: 7.79
Deep in the oversold zone – potential bounce setup forming
If it curls up, it may trigger a reversal soon
📈 Parabolic SAR (Yellow dots):
Dots above price = bearish continuation
📉 Bollinger Bands:
Price is hugging the lower band = oversold signal + volatility expanding
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🧭 Key Zones
🛑 Resistance:
$105,600–$106,500 (Bollinger mid + prior high zone)
$111,900 (major top, potential double top)
🟢 Support:
$100,000 (psychological + 0.236 Fib level)
$97,365 (mid-structure support)
$93,200 and $90,700 (Fib levels)
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💥 Possible Trade Setups
🟢 LONG ENTRY SETUP (Reversal Strategy):
Entry: $100,000–$101,000
Stop Loss: Below $97,200
Targets:
TP1: $106,500
TP2: $111,500 (major resistance)
Confirmation: Bullish candle + StochRSI curl upward
🔴 SHORT ENTRY SETUP (Breakdown Strategy):
Entry: Below $97,000 (breakdown of key structure)
Stop Loss: Above $100,200
Targets:
TP1: $93,200
TP2: $89,100 (Bollinger support)
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📌 Market Sentiment:
Slightly bearish in short term, but oversold signs building
If $100K holds, it’s a good bounce opportunity
If it fails → stronger drop expected to $95K–$93K zones
see you soon