๐ Market Overview
Bitcoin is currently in a short-term bearish trend within a larger consolidation/reversal phase. Price has broken below key moving averages and is testing a critical support zone.
Current Price: ๐ฐ $110,963.31 (โผ -1.78%)
24h Range: High $113,549 | Low $110,955
Trend: Bearish (below EMA(7) & EMA(25))
Critical Level: Testing EMA(99) at $110,950
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๐ Technical Analysis Details
1. Price Action & Trend:
Trading near the 24h low = bearish pressure ๐
Price below EMA(7) = $112,280 and EMA(25) = $114,498 ๐ฉ
EMA(99) = $110,948 is acting as key support ๐ก๏ธ
2. Indicators:
RSI(6): 38.03 โ bearish, not oversold yet โ ๏ธ
Stochastic RSI: 31.62 (K) / 23.57 (D) โ bearish momentum confirmed ๐
3. Volume:
24h Volume = 1.31B USDT ๐ฅ
Indicates strong participation, confirming the move is credible.
4. Key Levels:
๐ข Supports: $110,950 (EMA99), $108,666, $107,016
๐ด Resistances: $112,280 (EMA7), $114,500 (EMA25), $117,965โ$121,614
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๐ฎ Price Prediction (Scenarios)
๐ Bearish Case (55%):
Break below $110,950 โ targets $108,666 and $107,016.
Below $107k = possible deeper correction.
๐ Bullish Reversal (35%):
Bounce from EMA(99) โ push back to $112,280 and $114,500.
Above EMA(25) would flip short-term sentiment bullish.
โ Sideways (10%):
Price may consolidate between $110,950 โ $112,280 before next breakout.
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๐ Trade Plan
๐ Bias: Bearish until BTC reclaims EMA(7).
1๏ธโฃ Aggressive Traders (Short Setup)
Entry:
๐ฝ Short on a 4H close below $110,900
Or short near resistance $112,280 (EMA7)
Stop-Loss:
SL above $112,400 (if breakdown trade)
SL above $114,600 (if shorting EMA(7) retest)
Targets:
๐ฏ TP1: $108,666
๐ฏ TP2: $107,016
2๏ธโฃ Conservative Traders (Counter-Long Setup)
Entry: Only if BTC bounces strongly from $110,950 with bullish candle confirmation (hammer/pin bar).
Stop-Loss: Below $110,900
Targets:
๐ฏ TP1: $112,280
๐ฏ TP2: $114,500
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โ ๏ธ Risk Management
Risk only 1โ2% of capital per trade.
Watch for sudden macro/fundamental news that can invalidate setups.
TRADE FROM HERE ๐ $BTC
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โ Conclusion:
BTC is at a make-or-break level โก. A close below $110,950 signals further downside, while a strong bounce may trigger a recovery rally. Trade cautiously and stick to strict risk management.
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๐ Trade wisely, stay disciplined, and always DYOR!
