Current Market Snapshot

Price: $103,000 (-0.84%)

Recent Low: $102,885.03

EMA Analysis (3M view):

EMA(7): 103,037.89 (Yellow)

EMA(25): 103,116.45 (Pink)

EMA(99): 103,188.60 (Purple)

MACD: Negative (MACD: -30.95, DIF: -37.73, DEA: -6.78)

Volume: Recent increase in volume on green candle

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Signal: Watch for a Short-Term Rebound or Dead Cat Bounce

Why?

Price touched a local bottom ($102,885.03) and has started to bounce.

The candle shows a potential reversal attempt.

The short EMA(7) is significantly below EMA(25) and EMA(99), indicating a short-term downtrend, but the bounce could offer a brief long opportunity.

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Entry Strategy (for short-term traders):

Entry: Around $103,000 – $103,100 if price holds above $102,900.

Stop-loss: Below $102,800 to manage downside risk.

Target: $103,300 – $103,500 (EMA(25) and resistance level)

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Confirmation to Watch Before Entering:

Green candle closing above EMA(7) (103,037.89)

Increasing volume on green candles

MACD histogram showing reduced red bars (momentum loss in bearish trend)

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