🚨 $BTC at the Crossroads: Correction or Continuation? 🚨🤔👇
🕒 Timeframes Analyzed: 1H (Short-Term) & 1D (Mid-Term)
🔸 1H Chart Overview (Short-Term Cooling)
📉 $BTC is trading at $109,409 after facing resistance near $110.8K.
🟠 RSI: 50.33, now below the signal line — indicating a temporary bearish drift.
🟢 Still holding above key supports: 🔑
$108,913 (blue MA)
$108,278 (yellow MA)
🔻 Sentiment: Weakening buying pressure, caution advised on short-term longs.
🔹 1D Chart Outlook (Mid-Term Strength)
🔼 Uptrend remains intact with price holding above major MAs.
RSI: 59.33 and rising above signal line — suggests bullish momentum still strong.
⚠️ Major Resistance: $111,600–$112,000 zone.
🛡️ Support: $106,906 → $104,782 → $100,967
📌 Daily trend favors continuation unless macro sell-off or sudden volume reversal occurs.
🎯 Strategy Plan (Swing Trade Bias)🔥
Entry Zone:
🔄 Accumulate between $108,300 – $108,900✅
Stop Loss:🔻 Below $107,500☣️
🚀 $110,800🎯
🧨 $112,000 (Watch for breakout confirmation here!)🎯
🧠 "Smart money rides the daily trend. Noise lives in the hourly."
⚠️ This is not financial advice. Please DYOR and manage risk wisely. Markets can shift rapidly. Stay sharp.