📊 BTC Today's Market Analysis
Current Price: $116,178.59 💰
24-Hour Change: -0.94% 📉
7-Day Change: -2.16% 📉
Technical Analysis 🔍
RSI indicator shows 47.06, approaching oversold territory
Price has fallen below multiple EMA moving averages, short-term trend is weak
Super Trend indicator still shows bullish signal, support level at $115,085
Bollinger Band lower support around $114,590
Market Sentiment 😰
Fear and Greed Index at 56, still in "Greed" state
$589 million in liquidations in the past 24 hours, mainly long positions
Funding rate turned negative, indicating bearish sentiment
Key Resistance and Support 🎯
Key Support: $115,085 (already tested)
Secondary Support: $112,000 (Matrixport predicted test level)
Resistance Level: $117,000-$118,000 range
Future Trend Prediction 🔮
In the short term, may fluctuate in the $112,000-$120,000 range. Need to pay attention to the FOMC meeting on September 17, policy expectations will affect the trend. It is advised to operate cautiously and wait for clear breakout signals.
