🔍 What's happening with $BTC as of 19:10
Price: $107,668.97
Change over 24h: +0.23%
RSI(6): 24.90 — oversold
Volumes have increased, but the last 5 candles show a decline.
✅ What is visible on the chart:
📉 Strong short-term decline after reaching a local maximum of $108,528.50.
📊 RSI has fallen into the oversold zone (below 30) — a signal of potential rebound or consolidation.
📉 Price broke MA(7) and MA(25) from top to bottom — a signal of short-term weakness.
🔻 MA(99) is currently in the range of $107,533 — a key support zone to monitor.
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📈 Forecast for today:
💡 Base scenario: a possible technical rebound from MA(99) — zone $107,500–107,600.
⚠️ But if BTC does not hold this support — the next zone for buyers near $107,270–107,330.
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🔔 What should traders do?
🎯 Intraday traders: watch for reaction to MA(99).
🧘♂️ Swing traders: wait for confirmation of reversal (RSI above 30, green candle with volume).
🚫 Don't buy “on emotions” just because of RSI! — wait for stabilization.
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