Let’s do some basic analysis and find out.

Based on the 1D timeframe technical indicators and recent price action around the $100,000–$105,333 range, here’s a short-term outlook:

Key Observations

1. Price Action

  • BTC hit a low just above $100,000, and bounced strongly, suggesting psychological support at that level.

  • Current price is $104,570 (+3.62%), indicating some bullish recovery.

2. MACD

  • MACD line (DIF) is below the signal line (DEA) and negative:

    • DIF: 803.32

    • DEA: 1,744.16

    • MACD histogram: -940.83
      This shows bearish momentum, but the histogram is starting to flatten, which could indicate weakening bearish pressure.

3. RSI (Relative Strength Index)

  • RSI(7): 47.04

  • RSI(12): 49.81

  • RSI(24): 54.82

    Neutral zone - price is not overbought or oversold, but close to mid-range, suggesting indecision. RSI(24) being higher hints at slight longer-term bullish bias.

4. Stochastic RSI

  • STOCHRSI: 13.08

  • MASTOCHRSI: 9.64
    Deep in the oversold zone (<20) possible reversal signal if it starts to turn up.

5. Williams %R

  • Wm %R: -59.42

    In the middle range, not giving a strong buy/sell signal on its own, but not oversold.

6. KDJ Indicator

  • K: 31.55, D: 29.74, J: 35.17

    Slight bullish crossover between K and D lines, which can sometimes precede an upward move.

7. OBV (On-Balance Volume)

  • OBV is still negative and trending down, indicating low conviction from volume side despite price bounce.

Short-Term Outlook

Bullish Signals:

  • Bounce off $100K is strong; psychological support held.

  • STOCHRSI and KDJ indicate possible short-term bottom formation.

  • RSI values near mid-levels, with some positive divergence potential.

Bearish Risks

  • MACD still in bearish territory.

  • OBV isn’t showing strong accumulation (maybe due to weekend)

  • No breakout volume yet.

The real Question? Will BTC Dip Below $100K?

  • Unlikely in the immediate short term (next few days) unless:

    • Macro news drives strong sell-off (e.g., rate hike, ETF dump, etc.).

    • $104K–$105K area becomes a strong rejection zone again.

If $BTC fails to reclaim and hold above $105,333, then

  • $100,000 may be retested.

  • If broken with volume, next supports would be around $97,000–$98,000.

    Summary:

  • Bias: Cautiously bullish short term (1–3 days) due to oversold signals and bounce.

  • Key Support: $100,000

  • Key Resistance: $105,333+

  • Invalidation: Break and close below $100K with high volume = bearish continuation.

    I feel we may not see BTC falling under $100K soon, But everything is possible in this market #MarketSentimentToday #TradingSignals #btc