🚨 BITCOIN ALERT: Oversold & Bounce Zone? 📢 $BTC
BTC/USDT just hit $107,150 (-3.98%), but here’s why traders are watching this dip 👇
👉🏻 Key Data Snapshot:
RSI(6): 21.15 → Oversold! (Lowest since May 2024)
Critical MAs.
- 7D MA: $109K (Resistance)
- 99D MA: $104.5K (Strong Support)
- Volume: Cooling off (489K BTC) - Consolidation signal?
💭 What’s Next?
👉🏻 Bull Case: Bounce off $104.5K support → Rally to $115K.
👉🏻 Bear Case: Break below 99D MA → Test $100K psychological level.
Pro Tip:
Whales are accumulating at this level (see on-chain data). Could this be the last dip before a leg up?
🔥 Action Plan:
- Scalpers: Buy dips near $104.5K with tight stops.
- HODLers: DCA if bullish on long-term ETF inflows.
👇 Drop a ❤️ if you’re buying the dip!
💬 Comment: “Where’s $BTC heading next?”
#bitcoin #Binance #trading #BinanceSquareTalks
(Not financial advice. Always DYOR!)🛡️