Bitcoin is currently trading at $110,827, showing a -0.36% drop.
The price action clearly reflects a short-term downtrend, with consistent lower highs and lower lows.
๐ป Key Observations:
Price dipped from $111,424 to a low near $110,776.
MACD histogram is turning slightly positive, but both the MACD and DEA lines remain below zero, indicating bearish momentum is still dominant.
Volume remains relatively low, suggesting weak buyer interest during the current bounce.
๐ฎ Outlook:
If BTC breaks below $110,776, expect further downside pressure toward $110,500 or lower.
A recovery above $111,200 with strong volume might signal a potential short-term reversal.
Caution advised: Wait for clear confirmation before entering long positions.
๐ Trend: Bearish
๐ Strategy: Watch for volume & MACD crossove
r to confirm reversal.