๐จ BTC/USDT Market Update โ Critical Zone Alert ๐จ
Bitcoin has dropped to $108,280 (-3.5%), testing a very important support zone around 108K. Letโs break it down ๐
๐ Key Technical Signals:
EMA Levels: Price is now trading below EMA(7) and EMA(25), and approaching EMA(99) at $110,895. This indicates strong bearish momentum.
RSI (6): 30.26 โ Market is entering oversold territory, but remember: oversold โ instant reversal. Confirmation is key.
MACD: Bearish pressure dominates, histogram remains deep in red.
Volume: Sellers are in full control, with strong selling volume compared to buyers.
๐ What to Watch:
Support Zone: $108K is the critical level. If this breaks, BTC could slide further towards 105K โ 102K.
Bounce Scenario: If Bitcoin holds above 108K, we may see a short-term rebound, but only with a confirmation candle.
โ ๏ธ Golden Lion Strategy:
Patience is power! Instead of rushing into trades, wait for the market to show clear direction. Limit orders with tight stop-loss placement are your best weapon in these volatile conditions.
๐ฅ Final Note:
This is a decisive moment โ watch how BTC reacts at 108K. The next big move will be built from here. Stay disciplined, stay safe, and trade smart.
โ Posted by Golden Lion Trading ๐ฆ