๐จ #BTC Breakdown Alert
Price: $101,620 (-3.01%)
Timeframe: 4H
๐ Support Lost
BTC just lost key support around $103K, plunging to $100,372 โ nearly breaking the psychological $100K level.
๐งฎ Indicators Flashing Bearish
- RSI(7): 17.47 โ Oversold, but no bounce yet
- MACD: -338 โ Bearish momentum accelerating
โข MA(7) & MA(25) have turned downward and price now sits well below both
โ ๏ธ Next Zone to Watch:
If $100K fails, expect a move toward $97Kโ$95K (next demand zone).
๐ง Sentiment: Panic selling likely. Wait for confirmation before catching the knife.
๐ Strategy:
- Not a place to long blindly
- Consider short-term put options or short on breakdown retest
- Look for bullish divergence or volume spike before reversal
