$BTC ANALYSIS 📊
BTC is struggling below $110.5K with bearish RSI divergence and weak volume, hinting at a likely pullback toward $109K–$107K unless strong buying steps in soon.
RSI Trend (1h & 30m): RSI values on the 1H and 30M charts (54.54 and 51.01) are declining, signaling waning bullish momentum and a likely short-term correction.
News Impact: Current headlines are largely long-term bullish (ETF hopes, Saylor’s $1M call), but do not provide immediate short-term upside catalysts.
Greed & Fear Index: At 65, we’re in the greed zone, typically preceding corrections.
Trade Idea:
Sell/short near $109,800 – $110,000
Target of $109,000
Stop-Loss at $110,500 (2:1 RR).
