Bearish signals:
- RSI (36.9) indicates weakness in buying momentum. If RSI continues to decline, it may increase pressure on the price and lead to a breakdown of support.
- MACD — a bearish crossover signals a potential decline. If the MACD line continues to move below the signal line, it will confirm the downward momentum.
- DMI — the dominance of -DI over +DI and a weak ADX (~18) indicate an uncertain but downward trend.
- Supertrend narrowing often heralds a change in direction. If BTC breaks below $108,500, the indicator may switch to bearish.
What this may mean:
- Consolidation in the range of $108,000–$109,300 may continue until a strong external impulse (news, macroeconomics, ETF inflows) appears.
- A breakdown below $108,000 could lead to accelerated correction to $107,200 and $106,000.
- A breakout above $109,300 and a close above $110,600 is a signal for the continuation of the bullish trend.
Context:
- Indicators do not work in a vacuum. Their influence is intensified or weakened depending on market sentiment, trading volumes, macroeconomic data, and news (e.g., Fed decisions, ETF inflows, geopolitics).
