Technical Analysis for Currency $BTC – BTC/USDT
Current Price: 104,124 USDT
Timeframe: Daily (1D)
Technical Indicators:
RSI = 34.10
Still close to the oversold zone (below 30 = Oversold), but has not yet given a strong rebound signal.
MACD = Negative
The gap between MACD and Signal is widening, indicating the continuation of selling momentum.
Recent Candles
The current sideways movement between 103K and 105K suggests indecision, and no confirming bullish candle has appeared yet.
Bollinger Bands
The price is close to the lower band, indicating selling pressure, but at the same time, the possibility of a technical rebound remains.
Short-Term Forecast (within 1–2 days):
> General Trend: Still bearish, with a slight rebound possibility
If 105,500 is not broken with a daily close → we will revisit 102,500 and possibly lower.
Breaking 103,000 = opens the door for a drop towards 100,000 – 98,000 USDT
Futures Trading Strategy – (Short):
Element Details
Type of Trade Sell (SHORT)
Entry Point 104,200 – 104,500 USDT
First Target 102,800 USDT
Second Target 100,800 USDT
Stop Loss 105,700 USDT
Leverage 5x – 10x only to maintain the account
Activation Duration From 6 to 24 hours
Important Notes:
Do not enter a Long position until we see a strong daily candle close above 106,000.
Question for the Community:
> Do you think Bitcoin will hold above 103K and start a rebound?
Or are we heading for a downward wave towards 100K?
Share your analysis in the comments 👇
