🔍 Analysis $BTC 11 July🕒 Time: 19:14

📊 What the chart shows:

1. Current price: $116,812 (+4.78%)

2. Candles: Sharp decline after reaching a local peak of $118,869.

3. MA (7, 25, 99):

Price has dropped below MA(7) and MA(25) – short-term trend is bearish.

MA(99) acts as potential support at around ~$116,194.

4. RSI(6): 19.57 – strong oversold condition, signal of a possible local bounce.

5. Volume: Noticeable increase in red volumes — active selling, but likely interest from buyers near support.

📈 Forecast for today:

🔸 Key support zone: $116,200–116,600

🔸 Scenario #1 (bounce): If buyers activate in the support zone, a possible attempt to return to $117,500–117,900.

🔸 Scenario #2 (breakout): If $116,200 does not hold, $BTC may drop to $115,000–114,500.

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🧠 Conclusion:

So far, short-term advantage is with the bears, but RSI oversold condition and proximity to MA(99) may provide a bounce. Watch volumes around $116,200 – this is key to the next move.

✅ Strategies:

Scalpers — catch the bounce with a tight stop.

Swing traders — wait for trend confirmation on the hourly timeframe.

#BTC #BitcoinAnalysis #TechnicalAnalysis #Trading #CryptoSignals 📉📈