🔍 $BTC Analysis – RSI Oversold, But No Bounce Yet 🔍

📉 Bitcoin continues to slide, now trading near $109,703 after a brutal 24h drop of -9.20%. The market is rattled, and BTC is struggling to find a floor.

📈 Technical Analysis

- Trend: Strong bearish momentum on the 4H chart

- Support: $108,000 (key psychological level), next at $104,500

- Resistance: $113,800 short-term, $117,000 major cap

- Pattern: Breakdown from rising wedge confirmed

- Volume: Selling pressure remains elevated

- RSI: Deeply oversold near 24, but no reversal signal yet

- Outlook: Bearish short-term unless $113K flips support

📰 Market Data & News

- Live Price: $109,703

- 24h Change: -9.20%

🔄 Scenario Breakdown

- Bullish Case: If BTC reclaims $113,800 with volume, expect a bounce toward $117,000. TP: $116,800 | SL: $108,000

- Bearish Case: A break below $108,000 opens downside to $104,500. TP: $104,600 | SL: $111,000

📊 Sentiment Meter

📉 Bearish Bias – Sellers in control, weak volume

⚠️ Risk Level

🔴 High – Volatile price swings, weak support, unclear trend

💬 Will BTC hold $108K or plunge toward $104K? Drop your take below 👇

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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.

🏷️ #BTC #CryptoAnalysis

$BTC