$BTC Based on your provided BTC/USDT 1D chart, here is a deep technical analysis to forecast the next movement:

📉 Current Price: $103,215.54

🔻 Down -1.43% in 24 hours

📊 24h Range: $102,345 – $106,524.65

🕒 Timeframe: 1 Day (1D)

🔍 Technical Indicators Breakdown

1. Bollinger Bands (BB)

Upper Band: 109,799

Middle Band (MA20): 105,617

Lower Band: 101,435

Observation:

Price is below the middle band and approaching the lower band.

This suggests weakness and a possible continuation of the downtrend if support breaks.

2. RSI (6-period): 31.25

Close to the oversold zone (below 30).

Suggests bearish pressure, but nearing potential bounce territory.