Technical Analysis: In the next 2 days📉📈$BTC #BTC

1. Current Price:

BTC is around $107,656, down -1.02% in the past 24 hours.

2. Support and Resistance Levels:

Strong support: $106,769 (24-hour low)

Immediate resistance: $111,980 (recent local high)

Next strong resistance: $114,631 (previous high)

3. Technical Indicators:

MACD: negative (-454.54), indicating bearish momentum, though the divergence is narrowing.

RSI (6): 50.23 → neutral, not overbought or oversold.

Stochastic RSI: very low (K: 4.11), signaling potential upward reversal soon.

Williams %R: -43.33 → approaching neutral zone.

DIF and DEA: DIF is below DEA, but the gap is small → possible bullish crossover.

OBV (On Balance Volume): negative, indicating selling pressure still present.

4. Volume & MA:

Moving Average (5): $13,903 → relatively high, indicating volatility.

24h Volume: quite significant (15,684 BTC / $1.69B), showing an active market.

Price Prediction for the Next 2 Days (Short-Term Forecast):

Bullish Scenario (60% probability):

If BTC breaks and holds above $111,980, it may retest the $114,631 level.

Catalyst: Stochastic RSI is extremely oversold → potential technical bounce.

Bearish Scenario (40% probability):

If BTC fails to hold above $106,769, price could drop to the $103,000–$104,500 range (previous demand zone).

Recommendation: Watch for a breakout above $112,000 for bullish confirmation, and be cautious of a drop below $106,000 for strong bearish signals. Always use stop-loss and proper risk management.