$BTC
🔍 Updated Technical Analysis BNB/BTC (D1)
1. 📉 Price breaks support
Current price: 0.006399 BTC
Closing below the level 0.006534 BTC has already occurred
Currently testing the key support 0.006292 BTC
If today's close is below — it will be a clean break of the level, which will open the door to 0.005763 BTC
2. 🧠 RSI behavior (market strength indicator)
RSI D1 = 28.23 — this is a deep oversold zone
This means: sellers are exhausting, and a bounce may occur
Also a possible scenario: 'false breakout', if the level 0.006292 holds
3. 🔎 Levels on the chart:
🔴 0.007599 — main resistance level (not relevant now)
🔴 0.006534 — the level that did not hold (now it will be resistance)
🟠 0.006292 — key long level: if we break it — a decline will open up
🟢 0.005763 — the next zone for a possible 'bottom'
⚠️ What we see now:
Price is falling — fact
RSI says: selling further — risky
Level 0.006292 — the last bastion of bulls
Volume is increasing — a culmination of the movement
🧭 Logic of actions:
🎯 If you're not in a short now — IT'S NOT the time to jump in!
🚫 Entering into a short now — 'catching a bullet that has already been thrown'.
🧘♂️ Better to wait:
Or a clean break of 0.006292 and a consolidation below → then short potentially makes sense (but only with a tight stop!)
Or reversal formations in the RSI oversold zone → then a bounce is possible
🔥 Key message for the post:
"BNB/BTC — the last level holds. If 0.006292 breaks — nothing holds until 0.005763. But the RSI is already in the negatives — so it's better not to rush. If you're not in a short — don't be a hero. We wait for confirmation, we enter only with a formation. Risk is our enemy, strategy is our sword."
