On the chart $BTC , a short-term reversal attempt is noticeable after the decline. Here are the key signals $BTC
🔍 Analysis:
✅ Candlestick structure:
After the drop to $107,245, BTC made a strong rebound to $108,232, but currently we observe profit-taking.
✅ Moving Averages (MA):
The price is at MA(7) ≈ $108,020 — a struggle for the short-term trend.
MA(25) ($108,105) and MA(99) ($108,007) — the price oscillates between them. A breakout of one of the levels will show the direction.
🟡 RSI (6):
Rose to 42.9 — exited the oversold zone, but has not yet reached a "strong" uptrend.
📊 Volumes:
Volumes increased on the rebound, but the last candles show a decrease. This indicates buyer uncertainty.
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📈 Today's forecast:
🔸 A sideways movement is expected in the range of $107,700 – $108,400.
🔸 A breakout above $108,400 may activate a new impulse towards $108,800.
🔸 If BTC drops below $107,800 — a retest of $107,200 is possible.
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📌 Advice for traders:
Currently, it is a zone of indecision — an ideal moment for scalping or waiting for a breakout signal. It's better to place stops just outside the channel.
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