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#bitcoin Update – What’s Next After the 4H Rejection?
🕒 28 May | Price: ~$107.5K
$BTC After testing 111.9K as a local top, Bitcoin has slipped back under pressure, currently hovering near 107.5K. Let’s break down what’s happening 👇
🔸 4H Chart:
The 4H candle wicked into 107.2K support, held, but the bounce is still weak.
🟡 RSI ~40 → Weak buying pressure
🔻 Stoch RSI and MACD show momentum is still bearish
➡️ If BTC breaks below 107K again with volume, we may see a drop toward 104.2K – 101.2K
🔸 1D Chart:
Price is slowing under the EMA7 resistance, and indicators are turning sideways.
MACD remains bearish and Stoch RSI is bottoming – could be gearing for a move, but no confirmation yet.
📉 This is still a cooling-off phase after the big rally.
🔸 1W Chart:
Macro still bullish. RSI >70 and MACD rising.
We are just consolidating below resistance. If bulls hold above 106K, structure remains strong.
🎯 Short-Term Levels:
• Support: 107.2K, 104.2K, 101.2K
• Resistance: 108.9K, 109.9K, 111.9K (major)
💡 My Take:
No long entry here unless we flip 108.9K clean with volume.
✅ Market still in play but don’t rush in. Let the price give you clarity.
👇 Drop your thoughts — bull or bear next?
#CryptoStrategy #BTCUpdate #ScalperBro #BTC