Analysis $BTC on the hourly timeframe

General trend**:

- Price **is below all moving averages** (EMA 7, 25, 99), indicating a **strong bearish trend**.

- Breaking the 105,500 level (previous support) reinforces the likelihood of continued decline.

2. **Relative Strength Index (RSI)**:

- RSI at 21.73 (**oversold zone**), which may indicate a potential short-term rebound.

- **Warning**: RSI may remain in the low zone if selling pressure continues.

3. **Moving Average Convergence Divergence (MACD)**:

- MACD is significantly negative (-251.68) with divergence between the DIF and DEA lines, **confirming the decline**.

4. **Support and Resistance Levels**:

- **Strong support**: 105,000 (today's low).

- **Nearby resistance**: 105,827 (EMA 7), then 106,500.

- Breaking 105,000 may push the price to 102,664 (next support).

### **Recommendation**

- **🚫 Avoid direct entry** at the moment due to:

- Dominance of selling (moving averages above price + bearish MACD).

- Lack of clear reversal signals (such as a bullish MACD crossover or breaking resistance).

- **Follow-up**:

1. **Monitor 105,000**: If it holds, it may indicate a short rebound.

2. **Wait for indicators to improve**:

- RSI rising above 30.

- Convergence of MACD lines (narrowing of negative gap).

3. **Volume**: Decreasing trading volume at support may indicate the end of selling.

Enter a sell position below 104.80 targeting 102.500