📉 We are observing a decline of $BTC from the local peak of $120,998 — already over $1,800.
3 large red candles in a row — selling pressure is intensifying.
MA(7) and MA(25) have formed a "death cross" — a signal for a decline.
RSI (6): 21.9 — oversold zone, but still without a reversal.
Volumes are increasing amid the decline — indicates panic or strong stop-losses.
📈 Forecast for the next few hours $BTC
1. Support: $118,700–118,500 — this is where the first buying interest may appear.
2. If the level does not hold — a drop to $117,500 (daily low).
3. If a "hammer" or bullish divergence appears on the RSI — a short-term rebound to $119,800–120,200 is possible.
4. Overall, the market is currently bearish, but the oversold condition indicates potential for a rebound.
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📌 Strategy:
Scalpers: watch for reversal patterns around $118,700.
Swing traders: wait for a confident breakout upwards + consolidation above $120,000.
Beginners: avoid FOMO, now is a time for observation or shorts only with confirmation.
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📊 $BTC — is nerve-wracking. But a calm trader = a profitable trader.
