Current Bitcoin Price ~99,430$ (Daily Range: 99,385–103,642$).
📉 Technical Analysis:
- Daily and Hourly MACD indicators are bearish, RSI below 40 → Negative momentum.
- Bollinger Bands are narrowing, which may pave the way for a strong upcoming move.
- Nearby resistance: 104–106K$. Immediate support at ~100,800$.
🎯 Scenarios:
- H4/H1: Breaking 100,800$ opens the way towards 98,400–95,700$.
- Potential bounce if the price regains 104,200$, followed by a limited breakout attempt towards 106K+.
🔔 Note: Negative flows and derivatives reinforce caution. A bounce still requires breaking resistances.
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