$BTC Technical Position (15m Timeframe)

🔻 Current Price: $106,865

Price is hovering near the recent low of $106,850

BTC is consolidating just above that key level — testing support

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📊 Indicator Update

🔸 Moving Averages

MA(7): $107,257 (Yellow)

MA(25): $107,758 (Pink)

MA(99): $108,327 (Purple)

🔴 Bearish Outlook Continues

Price below key moving averages

RSI extremely low, but MACD shows momentum still bearish

Support at $106,850 is being tested

Break above $107,250 Short-term reversal trigger Wait for volume & MACD crossover

🔻 Break below $106,850 Confirmed continuation of downtrend Possible short opportunity

📉 RSI < 20 but flat Sellers losing steam Wait — don’t enter too

🚨No entry yet — confirmation needed:

🟢🟢🟢If you’re planning a long, wait for🟢🟢🟢

RSI to cross above 20

Price to reclaim MA(7) at ~$107,250

MACD histogram to shrink or cross upward

🔴🔴🔴If looking to short, only act if:🔴🔴🔴

🚨Price closes below $106,850 with strong red candle🚨