๐ Current Price Overview
Current price: $111,493
Highest price of the day: $112,346
Lowest price of the day: $108,951
Daily change: +1.79%
๐ Technical Analysis
Main support: $109,500
Main resistance: $112,300
4-Hour Exponential Moving Average (EMA): Indicates a bearish trend, with a congestion between $112,300 and $115,300
30-Minute Relative Strength Index (RSI): 46.9 (Neutral to Bearish)
30-Minute MACD Indicator: Indicates weak bearish momentum
4-Hour Bollinger Bands: Lower band near $109,500
4-Hour Supertrend Indicator: Indicates a bearish trend below $113,950
โ ๏ธ Potential Scenarios
Bearish trend: If the price drops below $108,000, BTC may face the next support level at $104,500, and could reach $100,000.
Bullish trend: If the price recovers the $112,300 level, it may retest $115,000.
๐ง Notes
Current data shows that BTC is facing technical pressure, with weak momentum and declining support levels. It is important to closely monitor the $109,500 level, as it is considered a critical turning point in determining the next trend.
Note: Current data shows that BTC is facing technical pressure, with weak momentum and declining support levels. It is important to closely monitor the $109,500 level, as it is considered a critical turning point in determining the next trend.
