đ Bitcoin Price Update
Current Price: $115,841.47
24h Change: -2.21% â Market is correcting sharply and testing key support levels.
đ Market Overview & Indicators
7-day EMA: $117,117.84 â Price is below = short-term bearish
25-day EMA: $116,142.24 â Price is slightly below = trend still neutral
99-day EMA: $107,778.22 â Price is above = long-term trend still bullish
Momentum Indicators:
RSI (6): 31.95 â Oversold = Strong bounce potential
Stochastic RSI: 0.49 / MA: 0.16 â Also extremely oversold
Volume:
24h Volume: 20,211 BTC
Current Hour Volume: 5,331 BTC â 60% below average = Sellers may be getting tired
đ§ Key Levels to Watch
đť Support:
$114,313 (main level)
$114,448 (minor)
$109,610 (major if breakdown happens)
đź Resistance:
$116,142 (EMA25)
$117,117 (EMA7)
$118,922 (next upside target)
đ What the Trend Tells Us
â
Bullish Signs:
Price is still above long-term EMA(99) â Uptrend not broken
RSI + Stoch RSI oversold â Bounce is likely
Low volume on dip â Not panic-driven selling
â ď¸ Bearish Warnings:
Possible Death Cross: EMA(7) may drop below EMA(25)
Break below $114,313 = could trigger bigger drop
đŽ BTC Price Prediction
Short-Term (1â3 Days)
If bounce: â Up to $116,142 or $117,117
If break below $114,313: â Drop to $109,610
Mid-Term (1 Week):
Hold above $114,313: â Possible run to $118,922 â $123,218
Drop below $114,313: â Retest support around $109,610 or $107,778
đ ď¸ Trade Setups
đ˘ Aggressive Long (High Risk â High Reward)
Buy Now: $115,841 or dip to $115,000â$115,500
Stop-Loss: $114,200
Targets: $116,142 â $117,117 â $118,000
Risk/Reward: 1:4+ â
đĄ Conervative Long (Safer Entry)
Entry: After RSI(6) goes above 35 AND volume is over 12K BTC
Targets: $116,142 â $117,117
Stop-Loss: $114,500
đ´ Bearish Trade (Short if Breakdown Happens)
Trigger: Price closes below $114,313
Target: $109,610
Stop-Loss: $115,000
â ď¸ Important Notes
Oversold Alerts: RSI 31.95 + Stoch RSI 0.49 = rare combo â high bounce chances
EMA(25) at $116,142 = key trend line to watch
Strong bounce needs volume above 13,405 BTC
Watch out for news events like US CPI, Fed talks, and ETF updates
â
Final Summary
High-probability bounce setup â perfect for skilled traders
đ˘ Buy Now: $115,841 (SL: $114,200) â Target $116,142â$118,000
đ´ Only Short if price breaks $114,313 â Target $109,610
đ§ Use proper risk management, size trades wisely, and donât chase!
Not financial advice. Always trade responsibly.
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