๐จ Bitcoin Alert: Time to Watch Key Levels! ๐จ
๐ $BTC has taken a slight dip to $108,701 (-0.32%) after hitting a recent high of $110,718. The bears are testing the market, and the next moves could be crucial! ๐
๐งฑ Resistance Zone: Around $111,000โ$110,700
BTC struggled to stay above this level โ this suggests strong selling pressure. If bulls want a comeback, this zone must be broken convincingly. ๐ผ
๐ก๏ธ Support Zone: 1๏ธโฃ $104,400 โ 25-day MA
2๏ธโฃ $101,700 โ Local support
3๏ธโฃ $96,100 โ Major support
4๏ธโฃ ๐ป $90,500 โ 99-day MA (Critical support!)
โ ๏ธ A drop below $104K could trigger a deeper correction toward the $90K zone, as the yellow arrow suggests. Watch those moving averages carefully! ๐
๐ฎ MACD & Volume are showing weakening momentum โ potential for further downside unless bulls regain strength soon.
๐ What to watch next:
โ๏ธ Hold of support at $104K
โ๏ธ Reclaim above $110K for bullish continuation
โ๏ธ Increased volume confirmation
๐ฌ Are you buying the dip or waiting for confirmation? Letโs talk strategy! ๐ฅ