#BTCrebounce99
Technical Indicators
1. MACD (Moving Average Convergence Divergence)
DIF (MACD Line): 3.82
DEA (Signal Line): 15.46
MACD Histogram: -11.64
Interpretation:
Bearish crossover — MACD line is below the signal line and the histogram is negative, indicating downward momentum.
---
2. RSI (Relative Strength Index)
RSI(6): 39.65
Interpretation:
RSI is below 50 but above 30, suggesting mild bearish pressure — not oversold yet, but leaning toward a selling sentiment.
---
3. Candlestick Pattern (Recent)
Recent candles show:
Rejection near the $103,709.86 level.
Formation of a lower high and lower low.
Support tested around $102,612.50.
Interpretation:
Price may consolidate between $102,600 and $103,700 before a breakout/breakdown. Trend is currently weakly bearish.
