💥RED CHARTS💥

🍋Analysis $BTC (July 12, 22:31)

📊 Price: $117,439.72 (decrease -0.32%)

24h Max: $118,200

24h Min: $116,900

Volume is moderate, without clear spikes — weak buyer interest on the short time frame

📈 Technical Analysis:

✅ RSI(6): 49.79 — neutral zone, balance between buying and selling. No signals of overbought or oversold conditions

📉 MA(7) ≈ MA(25) ≈ MA(99) — the price is at the intersection of all key averages, indicating a flat market or indecision. MA(7) is already starting to curl downwards

🔴 Candlestick formation: The last candle is red with a long upper wick. This indicates rejection of higher levels ($117,657–117,930)

📌 Forecast for the remainder of the day:

🔸 Scenario #1 (most likely):

BTC will remain in the range of $117,100 – $117,800, without a clear breakout. The market is choosing a direction, RSI is in the middle, selling pressure is weak, but buyers are also not active.

🔸 Scenario #2:

In case of a breakout below $117,100 – we may see a test of the $116,800–116,500 zone, where support from previous sessions is located.

🧠 Conclusion:

💡 The best strategy right now is to wait. Either a new high with increased volumes is needed, or a clear rejection of the price to stay above $117,500 to play short.

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