$BTC
📊 Technical Overview:
1. Current Price: $102,750.42
2. 24h Range:
• High: $103,982.64
• Low: $100,837.90
3. EMA (Exponential Moving Averages):
• EMA(9): $104,170.57 (Blue)
• EMA(21): $104,970.60 (Red)
• Current price is below both EMAs, indicating a short-term downtrend.
4. RSI (Relative Strength Index):
• RSI(25): 49.31 (Neutral)
• RSI(100): 53.07 (Still Neutral)
• Not overbought or oversold, but heading lower.
5. Support Zone: Around $100,372 – $100,800
• Price recently bounced from this area.
6. Resistance Zone:
• First resistance: Around $104,000 – $105,000 (EMA levels)
• Next key level: $107,400 – $110,000
✅ Buy Analysis:
You can consider buying now, only if:
• You’re okay with short-term volatility.
• You use a tight stop-loss below $100,000.
• You’re aiming for a short swing trade, not a long-term hold right now (since trend is mildly bearish).
🎯 Suggested Take-Profit Levels:
If price rebounds from here:
• TP1 (Short-term): ~$104,000
• TP2 (Mid-term): ~$107,400
• TP3 (Stretch target): ~$110,000
Stop-loss (SL): below $100,000 (just under the recent low at $100,372)
⚠️ Caution:
• Since price is below EMAs and RSI is weakening, there’s still downside risk.
• Use small position size or scale in gradually.
• Watch for a break above $105,000 to confirm bullish reversal.