#BTC
📊 BTC Today's Market Analysis
Current Price: $113,189 💰
24-hour Drop: -1.97% 📉
7-day Drop: -2.65% 📉
Technical Signals 🔍
• RSI is at 43.9 in the oversold region, indicating easing selling pressure
• Daily super trend indicator shows bearish signal, resistance at $122,000
• Bollinger Band middle support at $116,623 has been breached
• MACD negative value is expanding, bearish momentum is strengthening
Key Price Levels 🎯
Support: $112,460 (approaching test)
Resistance: $114,680, $116,623
Market Dynamics 📰
• Ancient whales' large sell-offs are causing supply pressure
• Institutional capital is flowing in but is struggling to absorb massive sell-offs
• Bitcoin is transitioning from a risk asset to a safe-haven asset
Future Trend Judgement 🚀
Short-term: Continued pressure, focus on $112,000 support
Mid-term: Waiting for whale sell-offs to end, expecting a rebound to the $117,000-120,000 range
Long-term: Institutional allocation demand supports a bullish outlook to $130,000+
Operational Suggestions 💡
Build positions in batches around $112,000-115,000
Stop loss at $110,000
Target at $125,000
