🔍 $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