🔍 Analysis $BTC as of NOW

MA(7): $108,241 (above the current price — upward pressure)

MA(25): $108,594 (even further — confirms downtrend)

RSI(6): 32.02 (near the oversold zone)

Volume: increasing during the decline — confirms the strength of bears

📌 What on the chart:

A series of red candles confirms a sustained decline.

Short-term bounce attempts are being sold off, but the price continues to slide down.

RSI very close to the oversold zone — a possible local technical bounce.

Support: $107,970

Resistance: $108,450 and MA(7) = $108,241

📈 Forecast for today:

🔸 Likely consolidation within $107,900 – $108,400, with a possibility of a slight bounce to MA(7), but without a strong breakout.

🔸 If BTC breaks down below $107,970 with volume — expect a drop to $107,500 – $107,300.

🔸 For longs — better to wait for stabilization above $108,500.

⚠️ Trading advice:

The scenario looks more bearish, however, RSI signals a nearby technical bounce. Tight take-profits and mandatory stop!

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