1. 💥 Sharp Drop: Current price is $3,966.69, marking a significant short-term correction (\approx -4\%).
2. 🩸 Extreme Oversold: The short-term RSI(6) is at 20.94, suggesting the selling is aggressive and likely exhausted.
3. ⬇️ MA Breakdown: Price has fallen below all three key Moving Averages (MAs), signaling strong short-term bearishness.
4. 🐻 Bearish Momentum: The MACD has confirmed a bearish crossover, adding to downward pressure.
5. 🎯 Recent Resistance: The immediate peak/resistance level is at $4,253.72.
6. 📉 Critical MA: The MA(99) at 3,984.46 must be reclaimed quickly to avoid a deeper sell-off.
7. 🧱 Major Support: The next significant structural support is the previous swing low around 3,674.50.
8. 📉 Negative MACD: The MACD histogram is negative (-20.69), reinforcing the momentum shift.
9. 🔄 Rebound Watch: Due to the deeply oversold RSI, a short-term relief bounce is highly anticipated . 10. ⏳ 4-Hour View: This perspective covers the recent price action and correction.
🚀 Bitcoin's Bullish Structure Intact? Checking BTC's Foundation at $112K
1. 📉 Current Price: Trading at $112,856, experiencing a sharp short-term pullback.
2. 🤕 Oversold Signal: The short-term RSI(6) is at 29.14 (oversold), suggesting selling pressure might be nearing exhaustion.
3. 🛑 Immediate Support: Price is currently testing the MA(25) around $113,255 (or slightly below it).
4. 🐻 Bearish Crossover: MACD has made a bearish cross, confirming the downward momentum shift. 5. 🎯 Recent Peak: The latest swing high was near $116,400.
6. 🛡️ Critical Support: The major medium-term support is the MA(99) at $110,896. Must hold this level.
7. ⬆️ Medium-Term Bullish: The MAs are stacked (7 > 25 > 99), confirming the broader trend remains bullish.
8.📉 MACD Histogram: The negative value (-266.13) reinforces the immediate selling pressure.
8. ⏳ 4-Hour View: The analysis is based on the 4-hour (4h) time frame.
9. 🧱 Major Low: The structural low for this range is seen near $103,528.