1. Slight corrective bias
BTC and ETH data show a decline of about 1.7% and 3.7% respectively in the latest session, indicating a corrective push after the rise in previous sessions.
2. Short-term technical analysis
Analysis of indicators like the daily RSI indicates a neutral state before charging towards moderate buying. This may extend the temporary decline before resuming the upward trend supported by moving averages.
3. Major support level
If BTC price approaches the range of 107,500–107,700, it could regain upward momentum, as this range forms a technical support in the short term.
4. Trading Volume
Current volume levels are high, supporting the position that the current decline may be accompanied by a balance between buyers and sellers, without transitioning into panic.
5. Quick Macro News / Data
Any unexpected US economic data release (like the labor report) in the coming hours may impact the market, especially BTC, and open the door for a breakout from a narrow range or increase volatility.
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🎯 The practical outcome for instant trading
Likely: slight decline in the coming hours before the market regains strength and starts a short upward wave.
Proposed trading strategy:
Entry at support levels around 107,500–107,700.
Set a stop loss below 107,200 to avoid losses in case of an unexpected drop.
Targeting a rise towards 109,500–110,000, according to resistances from the last two sessions.
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✅ Quick recommendations
Strategy Buy (Long) Sell/Short (Short)
Current price Not favorable Neutral to slightly bearish position
At 107,700 Suitable for entry ❌
Stop Loss 107,200 —
Short target 109,500–110,000 —
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📈 Technical support tips
Watch the RSI on the 1-hour frame; if it drops below 30, this could be a signal for an attractive buying opportunity.
If a Doji pattern or a candle rebound forms above the support level, this reinforces the likelihood of a bullish reversal.
Use two moving averages (like 50 and 200 hours); if the 50 crosses above the 200 (Golden Cross), it will be a strong bullish signal.
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🧠 Summary
The market currently leans towards a slight corrective move after a previous rise, with clear support around 107,500–107,700 for BTC, while ETH follows a similar path. Volume support and technical analysis indicate a potential bullish reversal in the coming hours if support levels are met and major negative breaches are avoided.
If you want, I can monitor upcoming economic data or analyze the same scenario on specific charts (like ETH, BNB, Solana... etc.) across various time frames.
