📉 Current Situation $BTC

Price: $106,264.94 (down -0.69%)

24h high: $108,952

24h low: $106,115

RSI: 22.37 — deep oversold!

MA7 < MA25 < MA99 — classic “bearish” structure

Candles: Series of red candles with no signs of a rebound

🧠 What this means:

1. The market is in strong short-term decline.

2. RSI < 30 signals that the asset is oversold, a local technical rebound is possible.

3. Volume towards the end of the chart is increasing — “bottom catchers” may be entering or a short-term struggle may begin

📈 Forecast for today (short-term):

🔸 Likely scenario:

Initially another test of the level $106,000–105,800

Then a local rebound to $106,600–107,000

🔸 Negative scenario:

Break through $106,000 and move to $105,500–104,800

🛡️ Recommendations for traders:

📍 Do not catch a knife without confirmation of a rebound (rising candle + volume)

🔁 Consider scalping upon confirmation of a rebound (RSI allows this)

📉 If you open a short — set a hard stop above $106,800

🧘‍♂️ Or just wait for the market to cool down

🧾 Reminder: FOMC has just passed — volatility may be elevated for a few more hours.

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