$BTC
📉 Current Price: 102,991.63
📊 Change in 24 Hours: +1.44%
📉 Lowest Price in 24 Hours: 100,372.26
📈 Highest Price in 24 Hours: 105,909.71
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🔍 Technical Analysis:
✅ The last candle shows a bullish rebound after a sharp decline, indicating a potential temporary bottom at 100,372.
📉 Moving Averages (MA7 and MA25): the price is still below them, indicating that the overall trend is still bearish in the short term.
🔻 MACD Indicator: still in the negative zone, confirming the weakness of bullish momentum so far.
⚖️ RSI Indicator (14) at ~40: close to the oversold area, which may support the continuation of the rebound in the short term.
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📌 Expected Scenarios:
⬆️ If the level of 103,500 – 104,000 is breached: we may see a continuation of the rebound to levels of 106,000.
⬇️ However, if the support at 100,372 is broken again: the price may head to test the area of 98,000 – 97,000.
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🟠 Note: This rebound may be temporary unless accompanied by an increase in volume and a clear breach of the moving averages.