๐ BTC/USDT Analysis: Weekly Forecast
๐ฆ Posted by Golden Lion Trading
๐ Technical Breakdown (Weekly Chart)
๐ Current Price: $99,444 (โ3.88%)
๐ฏ๏ธ Last Weekly Candle: Strong bearish rejection near $112K, forming a bearish engulfing pattern โ signaling potential trend reversal or deeper correction.
๐ EMA(7): $102,106
๐ EMA(25): $94,675
โก๏ธ Price has broken below the EMA(7) with force, indicating momentum shift to the downside.
๐ RSI(6): 47.94 โ Mid-range but tilting bearish, losing strength above 50. RSI crossing below 50 confirms weakening bullish momentum.
๐ MACD Analysis:
DIF (Yellow): 5,372
DEA (Pink): 4,767
๐งจ MACD line is still above the signal line but flattening, suggesting bullish momentum is fading.
๐ฎ Forecast: Expect a possible correction toward the $94Kโ$87K support zone in the coming weeks. If RSI continues downward and EMA(7) fails to reclaim, Bitcoin could retest $87K or even dip toward $74K.
However, if BTC quickly rebounds above EMA(7) and reclaims $102K, bulls might regain control.
๐ก๏ธ Golden Lion Warning:
โก๏ธ Donโt trade blindly. This is a classic whale trap zone โ high volatility with fake breakouts. Wait for clear confirmation.
๐ Support Zones: $94K / $87K / $74K
๐ Resistance Zones: $102K / $111K
โ ๏ธ Trade Smart, Stay Sharp.
#Bitcoin #BTCUSDT #CryptoAnalysis #GoldenLionTrading #BearishSignal
