🪙 BTC/USDT Technical Analysis – Daily Chart Overview

🔄 Trend: Cooling off after local top — short-term pullback in play

💰 Current Price: $106,849 (-0.45%)

📈 24h High: $108,891 | 📉 24h Low: $106,474

📊 24h Volume: 17,791 BTC | $1.92B USDT

📊 Technical Highlights

EMA(7): $107,925 – currently acting as resistance

EMA(25): $104,458 – short-term support

EMA(99): $95,532 – major trendline support

RSI(6): 44.75 – trending below 50, showing bearish momentum

Volume: Fading — buyers are losing strength

📉 Market Behavior

BTC hit a local high at $111,980 and has since been pulling back. Price is now struggling to stay above the 7EMA and flirting with a breakdown toward deeper supports.

⚠️ RSI is below 50 → sellers gaining ground

📉 Price has lost short-term trendline support

🔻 Declining volume confirms a lack of bullish commitment

🔍 Fibonacci Retracement Zone (based on previous impulse move)

From $111,980 (top) to $83,750 (base):

0.5 Fib: $96,599

0.618 Fib: $93,285

0.786 Fib: $88,762

🟥 Critical demand zone: $96.5K – $93K

→ If that breaks, price may seek support at $88K

🧠 Projection & Outlook

This is not just a short-term dip — current structure shows early signs of a macro pullback phase. Based on technicals and Fibonacci targets:

🟢 A deeper correction of -13% or more is on the table in the coming weeks or months, targeting the $93K ~ $88K region.

🎯 Conclusion

BTC is still in a broader uptrend, but the recent move feels exhausted. Traders should be cautious, avoid overleveraging, and watch for confirmations near key Fibonacci levels.

A deeper correction is likely forming — and it could be healthy. Don’t fight the retrace. Prepare for it.

#BTC #Bitcoin #CryptoTechnicalAnalysis #SwingTrade #write2earn