🔹 Price Action
Bitcoin topped out at 124,474 before entering a correction.
Current price: 115,372, with a clear pattern of lower highs and lower lows forming.
🔹 Trendline Watch
BTC is now testing its green uptrend support line.
A breakdown here could trigger a deeper move down.
🔹 RSI (Momentum Check)
RSI = 34, close to the oversold zone (30).
This reflects strong selling pressure — but also signals that a short-term bounce or reversal may be near.
🔹 Key Levels
Support: 114,366 → 108,446 → 98,200
Resistance: 120,007 → 124,474
📉 Conclusion
Short-Term Trend: Bearish (correction with lower highs/lows).
Major Trend: Bullish, as long as the 108K–110K support holds.
👉 Simple takeaway:
Holding above 114K–112K keeps the door open for a rebound.
Losing this zone could send BTC toward 108K, and possibly 98K.
📊 Scenarios to Watch
✅ Bullish Case (Trend Resumes)
Price defends the 114K–112K support.
RSI bounces from oversold.
Upside targets: 120K → 124K → 130K+ if resistance breaks.
❌ Bearish Case (Correction Deepens)
Daily close below 114K.
Next support: 108K–110K.
If this zone fails → BTC could slide to 98K.
🔄 Sideways Case (Consolidation)
BTC may range between 114K–120K for several sessions.
The next breakout (up or down) will set direction.
📌 Strategy
Short-Term Traders
Look for buys near support (114K or 108K) with tight stop-losses.
Consider shorts only if BTC closes a daily candle below 114K.
Long-Term Investors
This correction is healthy within the bull cycle.
Best accumulation zones: 108K and 98K.
The macro uptrend only breaks if 98K is lost.
#BTC走势分析 #Crypto #BTC #Bitcoin 🚀
$BTC
