Bitcoin $BTC is currently at a very important crossroads between 101,900 and 103,500.
The price is currently hovering around an ascending support + Fibonacci level 0.786 at $101,900. A clear break of this support (especially on 4-hour or daily) will open the door for a wider drop.
🧭 As long as 104,00035440758656 is not breached and maintained above, the current movement is considered a technical bounce only and not a new upward wave.
📊 Technical Indicators:
RSI indicator at 47 = still in the weak neutral zone, does not support strong buying.
MACD indicator is in a negative crossover = momentum is downward and has been continuous for several candles.
🔽 In case of a clear break of 101,90035440758656:
The first support station will be: $96,000
Then: $92,000
📌 Advice for traders:
Do not enter buying currently, as the market is in a foggy area.
Safe buying starts from 99K – 98K with strong reversal signals (like pin bar or doji candles with volume).