๐จ $BTC /USDT โ Oversold or More Downside Ahead? ๐ค
#Bitcoin just dipped below $107Kโare we gearing up for a reversal, or is more pain on the horizon? Letโs break it down!
๐ Market Overview
๐ Current Price: $106,982.63
๐ 24h High: $110,392.01
โ๏ธ 24h Low: $106,870.00
๐ Parabolic SAR: Not triggered (watch for confirmation)
๐ MACD Momentum:
DIF: Approaching crossover (bearish zone)
DEA: Flat
MACD: Weak โ No strong signals yet
๐ BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds Above $106,800):
Entry: Above $107,300
Targets: $108,500, $110,800, $113,000+
Stop-Loss: $105,500
๐น Bearish Scenario (If BTC Breaks Below $105,500):
Entry: Below $105,500
Targets: $104,000, $102,500, $100,000
Stop-Loss: $107,200
๐ Should You Hold or Exit?
โ MA(7) is below MA(25/99) = Short-term weakness
โ RSI(6) = 19.54 = Extremely oversold, bounce likely soon
โ ๏ธ But MACD and volume lack confirmation for a reversal
๐ก Pro Tip:
๐ Watch for a reclaim of $107,300โit could spark a quick rally
โ ๏ธ If BTC closes below $105,500 on the daily chart, expect increased bearish momentum!
๐ข Whatโs your moveโbuy the dip or stay on the sidelines? Drop your thoughts below!
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