$BTC For today: Pullback, Correction or Downtrend? Let's analyze some important points:

The price dropped from 110,653.60 to 106,997.00, indicating recent selling pressure.

The three exponential moving averages (EMA 7, 25, and 99) are above the current price, indicating a downtrend in the short term.

The RSI technical indicator at 23.6 is a clear sign that the asset is oversold, which may suggest that a bullish correction is approaching — but still without confirmation of reversal.

The trading volume shows intense activity, which may indicate that many traders are reacting to the downward momentum.

My projection for today is: If the support around 106,830 is broken, the price may seek even lower levels. But since the RSI is already at a critical oversold level, there is potential for a slight recovery, especially if reversal candles or an increase in buying volume appear.

It is best to wait a few hours for clearer signals, as trading volume tends to decrease as it approaches.

Have a great Thursday everyone!