🔻 $BTC /USDT – Healthy Dip or Deeper Correction? ⚠️🧭
#Bitcoin pulls back -3.34% to $107,793, snapping short-term support amid fading momentum. With RSI dipping and key moving averages flattening, is this a buy-the-dip setup or the start of broader weakness?
📊 Market Overview
📍 Current Price: $107,793.01
📈 24h High: $111,530.99
❄️ 24h Low: $106,800.00
📊 24h Volume: 31,331 BTC / 3.42B USDT
📉 RSI (6): 37.96 (cooling off, near oversold)
📍 MA Levels:
• MA(7): $107,753.43
• MA(25): $109,385.90
• MA(99): $108,473.90
📈 Volume & Trend:
• Volume modest at 242 BTC
• MA(5) and MA(10) stable near 760 = neutral
• Losing 25 & 99 MA support = yellow flag
🧠 BTC Trade Setup – Key Zones
🔹 Bullish Scenario (Recovery Play):
Entry: Bounce confirmation above $108.1K
Targets: $110.2K → $111.5K → $112.5K
Stop-Loss: $106.5K
🔹 Bearish Scenario (Continuation):
Entry: Breakdown under $106.8K
Targets: $105.8K → $103.7K → $101.5K
Stop-Loss: $108.3K
📌 Analysis Summary
⚠️ RSI down to 37 = approaching oversold
📉 Below key MAs = caution on trend
📊 Price holding above $106.8K = short-term support to watch
🎯 Pro Tip:
BTC often shakes out weak hands before stronger moves. Watch for volume divergence near $106K for clues.
📢 Will BTC defend $107K or is $103K next? Make your bias clear and stick to your plan.