🔥 BITCOIN: LONG OR SHORT? HERE'S THE QUESTION! 🔥
📊 BTC/USDT: $98,343 (-3.28%)
🏆 High for 24h: $102,500 | 🫠 Low for 24h: $97,860
💡 What do we see from the technicals?
📉 MA(7) < MA(25) < MA(99) – downtrend
📊 RSI(6) = 28.66 – oversold! Bears are pushing, but will they tire soon?
🔎 Volumes are increasing on the dip – someone is buying the fall!
🎯 LONG SCENARIO
✅ Support in the zone of $97,500 – 98,000 → a bounce is possible.
✅ RSI in the oversold zone → a chance for a corrective rise.
🎯 Target: $100,500 – 102,000
⛔ Stop: below $97,500
🐻 SHORT SCENARIO
✅ Could not hold above $100K → weakness of bulls.
✅ Moving averages are pushing down → the trend is still bearish.
🎯 Target: $96,500 – 95,000
⛔ Stop: above $100K
🤔 Conclusion:
🔥 Waiting for a reaction at $97,500 – if we hold, we can go long.
🚨 If we break down – bears lead to $95K.
📝 Which side are you on? Longs or shorts? Write in the comments! 🚀👇$BTC