$BTC
BTC/USDT Update – Market Cooling Off!
Bitcoin is currently trading at $107,734.68, down 3.15% over the last 24 hours.
Key Highlights:
24h High/Low: $111,381.61 / $106,800.00
RSI (6): 35.96 – Nearing the oversold zone
Stoch RSI: 20.51 – Bearish momentum slowing down
Bollinger Bands: Price approaching lower band, indicating potential support at $106,556
Price Action Insight:
After a sharp correction from the $111K level, BTC seems to be consolidating around the $107K zone. The downward pressure may be easing as shown by the RSI and StochRSI, suggesting a possible short-term bounce.
What to Watch:
A break below $106.8K could lead to further downside.
Recovery above the mid-Bollinger band ($108,999) may signal a reversal.
Are you buying this dip or waiting for more confirmation?