Is this the bottom $BTC ? Potential rebound from strategic support
Technical analysis for BTC/USDT:
Current price: 104,352.76
24-hour drop: -0.91%
RSI = 34.5 → Nearing oversold territory
Price is close to strong support at: 103,000
Bollinger Bands: price at the lower limit, potential rebound
MACD: selling momentum has started to weaken
Technical conclusion:
Price shows early signs of a rebound, but confirmation is not yet established.
We need a positive confirmation candle (Engulfing or Pin Bar) on the 4-hour or daily timeframe.
Trading now is considered a calculated risk for those who are good at managing trades.
Smart trading plan:
Potential entry (Buy) 103,800 – 104,500
Stop loss (SL) 101,800
First target (TP1) 108,000
Second target (TP2) 111,000
R:R ratio 1:2.5
Advice for traders:
Carefully monitor the candles, and only enter with technical confirmation.
Respect the stop loss as breaking 102K could open the way towards 98K.
Question for the audience:
> Do you think this is the temporary bottom for BTC?
Or is more downward movement coming?
Share your opinions and analyses in the comments
