$BTC
📉 Bearish Momentum Observed
🔻 Price Action:
• Current Price: $101,288
• Recently rejected near $112K (top) and now breaking below the MA(25) (pink line).
• MA(7) has crossed below MA(25) = Short-term bearish crossover.
📊 MACD:
• MACD Histogram is negative and growing — momentum to the downside is increasing.
• MACD Line < Signal Line — confirms bearish trend continuation.
📉 RSI:
• RSI(6): 22.10 — very oversold (short-term).
• RSI(12): 38.68 and RSI(24): 50.13 — weak momentum, and possibly more downside left.
If $100K breaks, the next strong bounce zone could be around $97,000–95,000 based on previous consolidation + MA(99).
🟡 For Upside Recovery?
• #BTC must reclaim and close above $105K and then $107K (MA25) to neutralize the immediate bearish momentum.
• MACD needs to turn upward and RSI must rise above 40 to confirm any relief rally.