Bitcoin is trading around $103,339, down -1.05%. The price rejected resistance above $106,000 and tested support at $102,345, which is currently holding.
EMA(7) — $103,749, EMA(25) — $104,507, EMA(99) — $105,493. The price remains below all three EMAs, confirming short-term bearish sentiment.
MACD stays in negative territory (MACD: -82.81), and the histogram shows weakening momentum after an earlier recovery attempt.
RSI(6) is at 36.38 — approaching oversold levels but not yet indicating a clear reversal. RSI(12) and RSI(24) also remain in weak zones.
Volume has decreased following a spike during the drop, indicating limited buyer interest.
Scenario: If BTC holds above $102,300, a rebound toward $104,500–$105,000 is possible. A breakdown below could open the door to $101,000–$99,800.
