#TrumpVsMusk Current BTC Status

The price is currently trading at $104,306 (+3.01%), in a critical zone between support and resistance. What you're seeing now is a battle between buyers at $103,700 (immediate support) and sellers at $104,450 (immediate resistance). The 7-period Moving Average (MA7) at $104,456 is pushing the price downwards, but the 25-period Moving Average (MA25) at $103,448 is trying to support it. This entanglement needs a breakthrough soon.

Crucial Technical Signals

1. Indicators Hint at an Imminent Resolution:

* MACD remains positive (57.0), but momentum is weakening. If the lines cross downwards, it will be a strong sell signal.

* RSI at 48.6 currently indicates market balance, but it's a ticking time bomb: any breakout outside the 45-55 range will trigger a strong move.

2. Levels to Watch Closely:

* Upper Resistance: $104,930, then $105,878 (chart high).

* Critical Support: $103,450 (do not allow it to break!), followed immediately by $102,478.

Upcoming Price Targets

* Uptrend Scenario (Likely if we break $104,450):

The first target is $104,930, and if candles confirm a close above it, we'll aim for $105,878. Watch trading volume upon breakout!

* Downtrend Scenario (Activated by breaking $103,700):

A swift decline towards $102,478, potentially extending to $101,252 if support fails.