$BTC [30/05] BTC/USDT – Hasn't created a bottom yet?

Situation:

• BTC just broke through 106k, dropped to 104.6k, then slightly bounced back to ~105.7k

• RSI across all timeframes is low → strong oversold signal

• However, the recovery volume is still weak, the downtrend has not been broken yet

Quick analysis across multiple timeframes:

• 1H: RSI just escaped oversold, there is a technical recovery force but EMA is still sloping down

• 4H: RSI hit a deep bottom, possible positive divergence → watch closely!

• 1D: The EMA25 zone at 104.4 is holding → if it breaks, BTC could drop deeper

• 1W: The weekly candle has a slight wick but RSI is still high → no long-term bottom signal yet

⚖️ Summary:

🔸 104.600 could be a short-term bottom, but if it breaks → BTC may plunge to 102k or 99k

🔸 Should not long too quickly, wait for confirmation that the price exceeds 106.8k – 108.2k for more safety

🔸 Those who want to take risks can long lightly, SL below 104.4k – TP around 108k–110k

📌 Proposed strategy:

Risky long:

Entry 105.7–106.2, TP 108k–110k, SL 104.4k

Wait for breakout

Entry >108.2, TP 111k, SL 106k

Short if it breaks

Entry <104.6, TP 102k–99k, SL 106k

🎯 In summary: BTC is not dead, but it's not alive either. It’s still in the “catching a falling knife” zone – those who dare can enter, those who are sure should wait for confirmation. 🚧