$BTC

📉 Technical Analysis: BTC/USDT

Bitcoin ($BTC) is currently trading at $103,148.50, showing a daily drop of -2.68%. On the 1D chart, we can see clear bearish pressure building up over the last few days.

🔍 Bollinger Bands: BTC has broken below the middle band (MB: 106,196.91) and is heading toward the lower band (DN: 100,987.64). This suggests that the price is entering oversold territory, but not yet at a confirmed reversal zone.

📊 Volume: Daily volume is declining, indicating reduced buying interest. Unless volume picks up, we may see continued downward movement or sideways consolidation.

📉 RSI (6): 28.07 The RSI is now below 30, a classic sign of oversold conditions. While this doesn't guarantee a bounce, it does suggest that sellers may be exhausting.

📈 Support & Resistance:

Immediate support: $100,987 (Bollinger lower band)

Key resistance: $106,313 (24h high & middle Bollinger band)

📌 Outlook: Watch for a potential bounce from the $100K area if buying volume returns. However, a break below could open the way to $98K–$95K.

🧠 Stay cautious and always manage your risk. Let the chart speak louder than emotions. #BTC