💰 Current Price: $111,280
📊 24h Volume: $1.80B
📉 Trend: Short-term bearish (within corrective phase)
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📊 Technical Analysis Summary
1️⃣ EMA Alignment (Bearish Bias)
Price ($111,280) < EMA(7) ($112,774) < EMA(25) ($114,979) < EMA(99) ($110,915)
This stacking confirms a short-term bearish trend. EMA(99) is immediate resistance.
2️⃣ Momentum Indicators
RSI(6) = 37.27 → Bearish zone, not yet oversold (<30).
StochRSI = 11.53 → Deeply oversold, signaling a possible short-term bounce.
3️⃣ Key Levels
⚔️ Resistance: EMA(99) $110,915 → 24h High $112,371 → EMA cluster $114,000–115,000.
🛡️ Support: 24h Low $109,393 → $108,666 → Major support $106,533.
4️⃣ Volume
High at $1.80B → confirms strong participation and validity of current move.
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📈 Price Prediction
Next 24–48h: Possible bounce due to oversold StochRSI. Expect a retest of EMA(99) ~$110,915 and maybe $112,371.
Short-to-Mid Term: If rejection occurs at resistance, price likely heads back to $109,393 → $108,666 → $106,533.
Overall bias = bearish unless $112,371 is broken & held.
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🎯 Trade Plan
✅ Scenario 1: Bearish Continuation (Primary Bias)
🔽 Expect rejection at resistance → move lower.
Trigger: Price fails to break $110,915–$112,371 and forms bearish candles.
Entry: Short below $109,393.
Stop-Loss: Above $112,400.
Targets:
TP1: $108,666
TP2: $106,533
Risk: Max 1–2% of portfolio.
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⚡ Scenario 2: Bullish Reversal (Counter-Trend Bounce)
⚠️ Higher risk, short-term only.
Trigger: StochRSI crosses up from oversold & price holds $109,393.
Entry: Long above EMA(99) $110,915 with volume.
Stop-Loss: Below $109,393.
Targets:
TP1: $112,371
TP2: $114,025
Risk: Smaller position size.
TRADE FROM HERE 👉 $BTC
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📝 Conclusion
👉 Market bias = bearish 📉
Best play: wait for bounce → short at resistance ($110,915–$112,371).
Oversold signals mean a quick bounce is possible, but catching the dip is risky.
⚠️ Always use stop-loss & risk only what you can afford to lose.
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🔥 Trade carefully, and let the chart confirm your setup before entering.
