๐ Bitcoin ($BTC /USDT) Market Analysis & Prediction ๐
๐น Current Price: $104,939 (+2.56%)
๐น 24H High: $105,564 | 24H Low: $101,365
๐น Volume: 183.84K BTC
Technical Indicators:
๐ RSI (6) at 26.2 โ Oversold territory, possible short-term bounce.
๐ MACD Negative (-27.3) โ Downward momentum still in play.
๐ Bollinger Bands Tightening โ Market consolidation or breakout incoming.
๐ Support: $104,650 | Resistance: $105,560
Market Outlook:
๐น Bearish scenario: If BTC loses $104,650, it may test $103,500-$103,200 next.
๐น Bullish scenario: A reclaim above $105,560 could send BTC towards $106,500-$107,000.
๐น MACD still bearish, but RSI oversold suggests a potential reversal soon.
โก Potential Strategy:
โข Long above $105,600 โ Target $106,500-$107,000
โข Short below $104,500 โ Expect $103,500-$103,200
๐จ Watch for a possible breakout as BTC consolidates near key levels!