๐ BTC/USDT Price Action โ Are We Headed for a Bigger Drop or a Bounce? ๐ค
Bitcoin just printed a sharp 4H red candle, dipping as low as $103,140 before bouncing slightly to $103,407. Thatโs a -1.89% drop in 24h, with volume surgingโhinting at possible panic or a whale move. ๐
๐ Key Observations:
โ 24h High: $105,909.71
โ ๏ธ 24h Low: $103,140
๐ RSI (6): 28.65 โ deep into oversold territory
๐ Volume spike โ increased selling pressure
๐ Previous resistance at $106,000 now looks strong
๐ก MA(5) > MA(10) crossover showing short-term bearish trend
๐ง The RSI is signaling a potential bounce from oversold levels, but macro sell pressure is still heavy.
๐ฃ Question for you, traders: โก๏ธ Do you think this is a perfect dip-buying opportunity, or is $100K the next stop?
๐ฌ Drop your thoughts below & tag someone who needs to see this!
