$BTC SIGNAL ALERT 🟢✨️✨️✨️

$BTC just experienced a sharp drop down to $100,789 before managing a modest recovery to hover around $102,133 on the 1-hour timeframe. This quick dip triggered a wave of liquidations, but buyers showed up at that crucial psychological support level, attempting to stabilize the price. While the bounce was decent, the overall market structure remains fragile, with mixed signals on the indicators.

The RSI(6) is currently sitting at 41.4, recovering from its earlier oversold levels but still hovering below the neutral 50 mark. This suggests that the market sentiment is indecisive for now, with neither bulls nor bears taking full control. Meanwhile, the MACD and DIF are still deep in bearish territory. Although selling momentum has started to slow, as seen from the flattening histogram, there’s yet to be a convincing bullish crossover or momentum shift.

Price action remains vulnerable. If $BTC can reclaim and hold above the $103,000 mark with convincing volume, a short-term push towards $104,264 could follow. However, failure to hold the immediate support around $101,750 might invite another bearish move to retest the $100,789 low.

At this stage, I’m keeping a close eye on how the price reacts around $103,000. A clean breakout above this level would open up opportunities for scalping with tight stop-losses below $101,750. The market remains shaky, so capital protection and disciplined risk management are crucial right now.

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dr_mt