$BTC $BTC
Price action: BTC is consolidating between $102,300 and $104,200, indicating a potential breakout scenario.
RSI: Remains around 45, indicating a neutral to slightly bearish momentum.
MACD: The histogram shows signs of weakening buying pressure, hinting at a possible bearish crossover.
Volume: A decrease in trading volume may precede a significant price movement.
Key levels to watch:
Support: $102,000 – A break below this level could signal further declines.
Resistance: $104,200 – A break above this level may indicate bearish momentum.
Market sentiment:
The current market sentiment appears cautious, with traders waiting for a decisive move. The narrowing price range suggests that significant price action may be imminent.