BTC plummets nearly 2%, is it a buying opportunity?
Current Bitcoin price is 103,841, short-term over-sold! 4-hour chart MACD shows bottom divergence, RSI close to 30 in the oversold zone, high probability of a rebound.
Key support levels:
- 103,000 (previous low)
- 102,500 (strong support)
Strategy:
🔥 Place orders in batches at $103,000-102,500, stop loss if it breaks below $102,000.
🎯 Rebound target 106,000-107,000 (4-hour MA99 resistance level).
Don't go All in! The Bitcoin price has been very volatile recently, be cautious of price spikes!
