#MyCOSTrade #MarketPullback

Here’s a technical overview of the BTC/USDT chart:

1. Price & EMA Analysis:

Current Price: 104,899.99 USDT

The price is below most of the key EMAs (EMA20, EMA17, EMA9, EMA43, and EMA50), indicating short-term bearish momentum.

However, the price is still above the 200 EMA (90,954.71), indicating that the long-term trend remains bullish.

2. RSI (Relative Strength Index):

RSI(6): 40.50 — mildly bearish, nearing oversold

RSI(14): 52.23 — neutral

RSI(24): 56.39 — slightly bullish

This suggests mixed momentum: short-term selling pressure but still relatively balanced overall.

3. Stochastic RSI:

Stoch RSI K: 9.31 / D: 6.02 — deep in oversold territory.

Indicates a potential bullish reversal if a crossover happens.

4. MACD:

DIF: 1711.86

DEA: 2666.27

MACD Histogram: -954.41 (bearish)

The MACD is showing a bearish crossover and negative histogram, suggesting bearish momentum is currently dominant.

5. Williams %R (Wm %R):

Value: -79.45 — in oversold zone

This supports the possibility of a short-term bounce or reversal upward.

6. OBV (On-Balance Volume):

OBV: 39,209.97

Appears flat or declining, suggesting lack of strong buying pressure.

Conclusion:

Short-Term Bias: Bearish (price below EMAs, MACD negative)

Potential for Reversal: Stoch RSI and Williams %R indicate oversold conditions, so a bounce may occur soon.

Long-Term Trend: Still Bullish (price above 200 EMA)

⚠️ Suggestion:

Wait for a confirmation of Stoch RSI crossover and MACD turning up before considering a long position. If price drops below 103,000 with volume, it could continue downward. Conversely, reclaiming 106,000+ with volume could signal a recovery.