🌟 Latest Technical Analysis of #Bitcoin (BTC/USDT) 🌟

🔎 According to Chat Analysis:

BTC is currently trading in a descending channel, where the price is making lower highs and lower lows.

So far, the price has not broken the upper trendline, which means that bearish pressure remains in the market.

📉 Situation of Indicators: ✅ RSI (6): is at 44.77, indicating that the market is below the neutral zone, but not yet oversold. ✅ MACD: is still bearish, the MACD line is below the signal line, indicating further downside potential. ✅ Volume: weak volume shows a lack of interest from buyers.

💥 Possible Scenario: ⚠️ If BTC gets rejected at the upper trendline, the next strong support zone is at 100,300 — 100,500 USDT.

If this support breaks as well, the price could drop further down to 96,000 — 92,000 USDT.

🚀 Bullish Possibility: If the trendline breaks with strong volume, the price could move back towards 108,700 — 111,700 USDT.

---

🎯 Key Levels:

Resistance: 108,700 — 111,700

Support: 100,300 — 100,500, then 96,000 — 92,000

--

💬 Remember! This is my own analysis that I have created for learning and practice.

Please do your own research, and do not trade based solely on this.

Your effort and research are your greatest strength! 💪✨

📢 Always do your own research (DYOR) and manage risk carefully!

---

#M_AdLiaqat #BitcoinAnalysis #BTC #CryptoTrading #P2PTrading #Binance #TechnicalAnalysis