Technical Analysis Based on the Chart or Curve – BTC/USDT

Current Price: 103,159.89

24-hour Change: -0.18%

What does the chart say?

A strong bearish candle with a clear break below the MA7, MA25, and MA99 averages.

A bearish crossover in the MACD indicator with increasing selling momentum.

High trading volume supports the continuation of the downward movement.

The price failed to maintain support at 103,300, reinforcing the likelihood of a decline.

Important Technical Areas:

Strong Support: 102,725 – 102,128

Current Resistance: 103,500 – 103,900

A break below 102,000 may open the door for a decline towards 100,800.

Advice for Beginners:

Do not enter now. Wait for a real reversal signal (such as a positive MACD crossover or a bullish engulfing candle). Do not risk more than 5% of your capital on a single trade.

Advice for Experts:

Watch for a break below 102,800 as a quick selling opportunity targeting 101,500.

Close buy positions if the price does not hold above MA99.

Closest Expectation:

> The downward correction will continue unless 103,900 is breached with a strong close.

✍️ :Ghaith