๐จ $BTC /USDT โ Breakdown or Bounce Ahead? ๐๐
#Bitcoin is under pressure, now trading around $104.4K. Will bulls defend this levelโor are we heading to $100K next? Letโs get into the setup ๐
๐ Market Overview
๐ Current Price: $104,431.59
๐ 24h High: $108,450.16
โ๏ธ 24h Low: $102,664.31
๐ Parabolic SAR: Downtrend in play โ no reversal yet
๐ MACD Momentum:
DIF: Bearish pressure building
DEA: Flattening โ watch for crossover
MACD: Still negative โ signals selling strength continues
๐ BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds Above $102,600):
Entry: Above $104,800
Targets: $106,500, $108,000, $110,000+
Stop-Loss: $102,200
๐น Bearish Scenario (If BTC Breaks Below $102,200):
Entry: Below $102,200
Targets: $100,000, $98,500, $95,000
Stop-Loss: $104,500
๐ Should You Hold or Exit?
โ RSI(6) = 34.79 = Approaching oversoldโbounce possible
โ ๏ธ MA(7), MA(25), MA(99) all trending above = short to mid-term weakness
โ ๏ธ Weak volume + MACD in red zone = Sellers still in control
๐ก Pro Tip:
๐ A reclaim of $104,800โ$105K could spark a mini-reversal rally
โ ๏ธ Watch volume! Weak buying = likely fakeout
๐ Break below $102,200 = high probability of a flush to $100K
๐ข Whatโs your game planโbuy the dip or wait for clarity? Sound off below!
๐ฅ LIKE & SHARE for more timely crypto insights! ๐