$BTC 🔴 Current situation:
Current price: 101,340.3 USDT.
Decline percentage over the last 24 hours: -3.21%.
Lowest price in the last 24 hours: 100,305.1 USDT.
Highest price in the last 24 hours: 105,878.3 USDT.
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🔍 Technical Indicators:
1️⃣ Candlesticks:
The last candles in long red reflect significant selling pressure.
The last candle clearly broke support at 102,162.7.
2️⃣ Bollinger Bands:
The lines are widely spread, reflecting very high volatility.
The current price is at the bottom of the Bollinger Band, indicating strong selling pressure and the price exiting the Bollinger range.
3️⃣ RSI (Relative Strength Index):
RSI (6): 13.8.
This level is considered oversold, suggesting the possibility of a short-term corrective bounce.
4️⃣ MACD:
Fast line (DIF): -794.5.
Slow line (DEA): -387.0.
The gap between the lines is very wide, supporting the continuation of the bearish trend.
5️⃣ Trading Volumes:
A noticeable increase in trading volumes in the last bearish candles, indicating continued seller interest.
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🔔 Overall Trend:
✅ Short-term trend: heavily bearish (due to clear selling pressure and sharp decline).
✅ Medium trend: also bearish – with the potential for a corrective bounce at strong support levels.
✅ Nearest support: level 100,300 – if broken, it may drop further to around 99,500.
✅ Nearest resistance: level 102,100 – 104,300 (the price may bounce from it, but the overall trend remains bearish).
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⚠️ Important Notes:
Very low RSI: we may see a short-term corrective bounce (perhaps testing resistance at 102,000).
But the bearish trend is still strong: with the price remaining below the averages (MA5 and MA10) and continued outflow of selling liquidity.
If the decline continues and breaks 100,000: we may see an additional drop to levels 98,500 – 99,000.
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🎯 Recommendations:
For those trading on short time frames (scalping): be cautious about entering buys now unless there is a confirmed bounce from support (clear reversal candles + RSI recovering).
For those trading on the medium term: the trend is still bearish, any buying entry may be risky until real reversal signs appear.#Write2Earn 
