🍋🍋🍋 $BTC - several important points: for NOW 🍋🍋🍋
📊 MA(7) ≈ 117 187 and MA(25) ≈ 117 143 are currently almost at the same level, but the price is slightly lower → a sign of short-term downward pressure.
MA(99) ≈ 116 725 — quite far below, meaning the global uptrend is still maintained, but there is a correction in the short term.
RSI(6) ≈ 35.6 → zone of almost oversold, but not critical. A technical bounce may occur if the volumes support.
Recent candles: there is a downward movement with lower highs, and now the price is testing support around 116 600–116 800.
Volumes: they are currently decreasing → downward momentum is weakening, but there are not many buyers visible.
📌 Possible scenario for today
Bullish option 🟢: if the price holds above 116 600 and RSI goes up, a bounce to the range of 117 500–117 900 is possible.
Bearish option 🔴: break below 116 600 on volumes → quick test of 116 300–116 000.
💡 Conclusion: the market is currently in a mini-correction after a rapid rise. The key is support at 116 600. If it is not broken, we can expect a bounce; if it is broken — a short-term decline.
