๐จ $BTC DOWNWARD ALERT ๐จ
Current Price: $113,358
Target: $108,000
Technical Analysis:
BTC breaking below key resistance levels
Descending channel pattern confirmed
Volume showing bearish momentum
RSI indicating oversold conditions approaching
Key Levels to Watch:
๐ Immediate Support: $108,843 (as shown on chart)
๐ฏ Next Target: $108,000
โ ๏ธ Critical Support: $105,000
Trading Strategy:
Wait for confirmed break below $108,843
Consider DCA entries near $108K level
Set stop losses below $105K
Watch for potential bounce at major support
Risk Management:
Don't catch falling knives
Use proper position sizing
Keep emotions in check during volatility
Remember: This is not financial advice. Always DYOR and manage your risk accordingly.
#Bitcoin #BTC #CryptoAlert #TechnicalAnalysis #BinanceSquare$BTC
