The current market structure for $BAKE suggests a bearish sentiment, with recent price action lingering near the support level of 0.0989 USDT.
As the RSI is at 34.49, it indicates potential oversold conditions, but a recovery seems uncertain without a bullish catalyst.
A potential trading strategy could involve watching for a breakout above the resistance at 0.1026 USDT for entry.
Traders should remain cautious of Bitcoin's volatility and macroeconomic events impacting sentiment, as these factors could lead to increased risk.
