📉 Current Price #Bitcoin $BTC
Price: $106,469.56 (down -1.11%)
High 24 hours: $107,858.79
Low 24 hours: $106,301.86
🔍 Technical Analysis
1. Moving Average (MA)
MA(7): 107,131.38 → price is below MA7 (short-term bearish signal)
MA(25): 107,423.34 → price is also below MA25
MA(99): 105,570.52 → price is still slightly above MA99, so the medium-term trend is not completely bearish yet, but is heading that way.
2. RSI (Relative Strength Index)
RSI(6): 25.08 → This has entered the oversold zone (<30), meaning technically the price is too low, there could be potential for a rebound or upward correction, but not confirmed yet.
3. MACD
DIF (MACD line): 31.75
DEA (Signal line): 249.52
MACD Histogram: -217.77 → Red histogram and widening, strong bearish signal is ongoing.
4. Volume
Transaction volume is quite stable, no large spikes → indicating no panic selling or buying euphoria.
🧭 Brief Conclusion
Short-term sentiment: Bearish
Medium-term trend: Neutral to bearish
Potential short-term rebound: There is, as RSI is already oversold, but no confirmation of a reversal yet.
Important support level: Around $105,172 (could act as a price barrier if it continues to drop)
Nearby resistance level: $107,423 (MA25)