🚨 $BTC /USDT – Breakdown or Bounce Incoming? 🧨
#Bitcoin is slipping below $109K, currently trading at $108,870.48 (–0.97%). With RSI cooling off and volume holding strong, is this a healthy correction—or the start of deeper weakness? Let’s dive in 👇
📊 Market Overview
📍 Current Price: $108,870.48
📈 24h High: $110,422.22
❄️ 24h Low: $107,516.57
📊 24h Volume: 17,367.54 BTC / $1.90B
📉 RSI (6): 46.05 (Neutral – room to move either way)
📈 Moving Averages:
MA(7): $108,732.12
MA(25): $109,304.41
MA(99): $108,737.61
📊 Volume MA(5): 751.80
📊 Volume MA(10): 802.21
📊 Technical Indicators
🔹 Parabolic SAR: (Not shown, but PA hovering near short-term MAs = consolidation zone)
🔹 MACD: Not explicitly shown, but flattening RSI + volume suggests pause in momentum
🔹 Trend Bias: Neutral–bearish in short term; long-term trend still intact unless $107K breaks
📈 $BTC/USDT Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If BTC Holds Above $108,700):
Entry: Above $109,200
Targets: $110,500, $112,000, $114,000+
Stop-Loss: $107,500
🔹 Bearish Scenario (If BTC Breaks Below $107,500):
Entry: Below $107,500
Targets: $106,000, $104,600, $102,000
Stop-Loss: $109,300
🔍 Should You Hold or Sell?
✅ Holding above $108,700 = consolidation range intact
⚠️ Breaking below $107,500 could open downside toward $104K
📊 RSI suggests no immediate overbought/oversold risk—watch volume!
💡 Pro Tip
📌 Watch for a bounce at $107.5K with rising volume for bullish confirmation
📉 If sellers overwhelm and push below $106K, we may see a deeper pullback to $102K–$100K range
📢 What’s your play here—buy the dip or stay out? Let’s strategize in the comments! 💬
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