🚨 Bitcoin attempts to defend $108K while the RSI shows weakness 🧠
📊 $BTC /USDT is in a technical inflection zone. According to the analysis on a 4H timeframe, the price action has formed resistance near $110,484, then retraced to $108,027. This marks a key movement following the latest macroeconomic data in the U.S. that moderates risk appetite in the markets.
📈 Technical analysis:
🔵 Bollinger Bands show contraction: A signal of low volatility and possible future expansion.
🟡 MACD shows bearish crossover: MACD line below the signal, anticipating possible continuation to the downside.
🟣 RSI (6): At 44.3, indicating slight bearish pressure, not yet entering oversold territory.
🔎 If the price loses $107,100, we could see pressure down to $105,600. But if it recovers the support at $108,600, it could reattempt to break $110K.
📰 Updated news:
> 📍 “Bitcoin remains below $110K after the Fed's moderated statements: there is no rush to lower rates,” reports CoinDesk.
This indicates that the markets may remain sideways as long as there are no new catalysts. Therefore, in moments like this, low leverage and patience are your best allies.
✅ Conclusion:
$BTC is in a consolidation range that you must master. Don't chase the price, let the market come to you.
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