#BTCWhalesMoveToETH Technical Summary
Time Interval Current Trend Major Support / Resistance Overview and Forecast Short-term (~1–3 Days) Bearish but with a potential rebound Support around ~110.6–110.7 thousand USD Potential rebound towards 115–116 thousand Moving Average Neutral – Sideways Resistance at 115–117 thousand USD Needs a breakout to enter an upward trend General Indicators As in TradingView and Investing Strong Sell Classification Clear bearish momentum but oversold areas may ease the pressure
Conclusion
Bitcoin is in a short-term bearish position, but it has reached an important support area (around 110.6 thousand USD), with oversold signals supporting the likelihood of a rebound.
Positive Scenario (currently most likely): Rebound towards 114–116 thousand USD.
Negative Scenario (if support is broken): Potential drop towards 106 thousand USD.
Based on Binance Square analyses, a trade can be executed with clear risk management through the provided entry and exit levels.
Would you like us to dive deeper using indicators like Exponential Moving Averages (EMA) or Japanese candlestick patterns? Or would you prefer an analysis for specific time frames like the daily or hourly chart? Just let me know, and I’m ready!
