๐ BTC/USDT 15m Chart Analysis โ Trend Reversal or Pullback? ๐จ
๐ข Price: $106,660 (+1.01%)
๐ Timeframe: 15-Minute
๐ Recent Move: BTC made a strong bullish push, breaking above $107,000, but now showing signs of a potential short-term pullback.
๐ Chart Insights:
Formed a Higher High (H) structure indicating recent bullish momentum.
Current candles suggest bearish rejection near $107,250 zone.
RSI 14 is dropping below 50, signaling decreasing buying strength. A further dip may suggest a continued correction.
Support Zone: $106,000 and key level at $104,555 (marked blue trendline).
Watch for RSI bounce or price action near trend support before entering new longs.
๐ง Possible Scenarios:
1. Bullish: If price finds support near $106,000 and RSI bounces, we might see a retest of $107,000+.
2. Bearish: Continuation down below $106,000 could target $104,555 support zone.
๐ฌ Your Move? Are you buying the dip or waiting for confirmation?
