$BTC

📊 Technical Analysis & Prediction🔥

Current Market Overview:

Price: $89,095.99 (-6.89% decline) at the time of writing.

24h High: $96,095.32

24h Low: $86,888.10

24h Volume: $5.85B USDT

🔧 Technical Indicators:

Exponential Moving Averages (EMA):

EMA (7): $94,968.75 (Price below this level indicates short-term bearish momentum)

EMA (25): $87,581.18 (Price hovering slightly above—neutral sign)

EMA (99): $62,493.23 (Long-term trend still bullish as the price remains above this level)

Relative Strength Index (RSI):

RSI(6): 34.58 (Near oversold territory, potential for a short-term bounce)

RSI(14): 52.61 (Neutral zone)

RSI(24): 57.04 (Slight bullish bias)

📈 Price Action Insights:

Recent Peak: $109,588.00

Support Levels:

Primary: $86,888 (Recent low)

Secondary: $80,000 (If bearish pressure increases)

Resistance Levels:

Immediate: $96,000 (Needs to break for a bullish reversal)

Next Target: $100,000 (Psychological barrier)

🎯 Prediction & Trading Strategy:

Short-Term Outlook (1-2 weeks):

If BTC holds above $86,888, there’s a potential recovery toward $96,000.

A break below $86,888 could trigger a drop to around $80,000.

Suggested Strategy:

Buy Zone: $86,500 - $89,000 (especially if RSI moves further into the oversold region)

Profit-Taking Zone: $95,000 - $100,000

Stop-Loss: Below $86,000 to limit potential losses

⚠️ Disclaimer: This is not financial advice. Always trade at your own discretion and (DYOR) before making any investment decisions.