🚨 Alert to Active Traders!
At this moment, Bitcoin is testing the support of $111,850.
📉 The MACD on the 4H chart shows a strong downward trend, reinforcing the scenario of selling pressure.
📊 However, the RSI indicates oversold conditions, suggesting that the market may seek a short-term correction before aligning with the MACD.
🔎 What does this mean?
➡️ If the support is broken, there is a possibility that BTC will target the region of $107,000, more likely in the medium and long term.
➡️ In the short term, we may see a temporary technical reversal due to oversold pressure.
🌍 Outside of the charts, the market is also closely monitoring news about a possible peace agreement between Ukraine and Russia, which could have direct impacts on global sentiment and, consequently, on the crypto market.
❓And you, trader:
👉 Do you believe that BTC will respect the support and reverse?
👉 Or will we have a new dive towards $107,000?
💬 Comment your view!
#BitcoinAlert 🚨
#CryptoInDecline 📉
#BTCReversal 🔄