5.30 BTC Analysis
From a technical indicator perspective, BTC is currently in a rather delicate stage.
Both RSI and MACD indicate short-term overbought conditions, which means a pullback could occur at any moment. The key support level is in the range of 105,000-107,000; if it breaks below, it may further decline.
The pressure above at 110,000 to 112,000 is also quite evident, as several attempts to break through have failed.
Today's direction is to enter around 107,000, looking for a pullback to 105,000.
