๐Ÿ“Š Bitcoin ($BTC /USDT) Market Analysis & Prediction ๐Ÿš€

๐Ÿ”น Current Price: $104,939 (+2.56%)

๐Ÿ”น 24H High: $105,564 | 24H Low: $101,365

๐Ÿ”น Volume: 183.84K BTC

Technical Indicators:

๐Ÿ“‰ RSI (6) at 26.2 โ€“ Oversold territory, possible short-term bounce.

๐Ÿ“Š MACD Negative (-27.3) โ€“ Downward momentum still in play.

๐Ÿ“‰ Bollinger Bands Tightening โ€“ Market consolidation or breakout incoming.

๐Ÿ“ˆ Support: $104,650 | Resistance: $105,560

Market Outlook:

๐Ÿ”น Bearish scenario: If BTC loses $104,650, it may test $103,500-$103,200 next.

๐Ÿ”น Bullish scenario: A reclaim above $105,560 could send BTC towards $106,500-$107,000.

๐Ÿ”น MACD still bearish, but RSI oversold suggests a potential reversal soon.

โšก Potential Strategy:

โ€ข Long above $105,600 โ€“ Target $106,500-$107,000

โ€ข Short below $104,500 โ€“ Expect $103,500-$103,200

๐Ÿšจ Watch for a possible breakout as BTC consolidates near key levels!