📊🔎 Technical Analysis $BTC 23 July 10-00

❗️ RSI below 30 (21.69) — a signal of strong overselling, often preceding a rebound.

📉 All MAs (7/25/99) are above the current price — this is a bearish structure.

🟣 MA(99) acts as a strong resistance — BTC has failed to stay above it three times.

📉 Volume is declining, activity is weakening — traders are waiting for a reversal signal.

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🧭 Forecast for today (July 23):

🔻 Scenario 1 — another decline:

If $BTC cannot hold $118,300, a retest of the $117,500–117,000 zone is expected.

🟢 Scenario 2 — short-term rebound:

In case of increased volume and RSI above 30 — a quick rebound to the $119,000–119,500 zone is possible.

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⚠️ Key levels:

Support: $117,500 / $117,000

Resistance: $118,900 (MA25), $119,000–119,500 (MA99)

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🧠 What to do for the trader:

📌 Sustained breakout of $118,900 — a signal to enter long with a short target.

🚨 If $117,500 is broken — better to wait for confirmation of the bottom.

⚔️ Current zone — for speculative shorts with a tight stop.

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