#BinanceAlphaAlert
“BTC Breakdown Looming? Short Signal Alert as Price Struggles at Key EMA Support!”
. Price Action:
• Current Price: $107,909
• Recent High: $111,980
• Support Zone: Around $106,000 (previous bounce level)
• Resistance Zone: Around $109,200–$110,000
The price is forming lower highs, showing weakness and potential continuation to the downside unless it reclaims $109,200.
2. EMA Levels:
• EMA 50 (Yellow): $107,217 – currently acting as dynamic support, and price is sitting right above it.
•EMA 200 (Pink): $100,430 – well below the price, indicating a longer-term uptrend still intact, but we’re testing short-term strength.
3. Volume:
• Declining volume during recent green candles suggests weak buying interest.
•A spike in volume on red candles before implies stronger selling pressure.
3. Volume:
•Declining volume during recent green candles suggests weak buying interest.
•A spike in volume on red candles before implies stronger selling pressure.
5. RSI:
• RSI(50) = 54.99
• RSI(100) = 56.15
• RSI is neutral to slightly bullish, but not overbought or oversold. No divergence noted.
6. Candle Structure & Trend:
• Recent candles show indecision (doji-like) around EMA50 support.
•Prior sharp drop from $111,980 suggests momentum favors bears unless reclaimed.
Conclusion & Signal:
Scalp Setup (Next 4 hours):
•Bias: Short / Bearish
•Entry: $108,000–$108,200 (if a weak bounce happens)
•Target 1: $106,500
•Target 2: $105,000 (next support zone)
•Stop Loss: $109,300 (above resistance zone)
•Risk/Reward: ~1:2+
Invalidation:
If BTC breaks and closes above $109,500 on volume, consider flipping bias to long with targets at $111,000+.
