#cryptotradingpro #Signal🚥.

📉Bitcoin Dips Below $102K as Profit-Taking Intensifies.

Bitcoin has taken a hit, dropping below $104,000 and testing the $100,500 support zone. With profit-taking accelerating, BTC is now consolidating around $101,500, but could it slide further below $100K? Here’s the breakdown:

🔍 What’s Happening?

• BTC broke below a key bullish trend line with support at $104,600 on the hourly chart (BTC/USD).

• The price hit a low of $100,400 and is now trading below the 100-hour SMA and $103,000.

• Technical indicators signal bearish momentum:

• Hourly MACD is gaining pace in the bearish zone.

• Hourly RSI is below 50, indicating weakening momentum.

📈 What’s Next?

• Upside Potential: Resistance lies at $102,000, with key hurdles at $103,200 and $103,600 (near the 50% Fib retracement of the recent drop from $106,820 to $100,400). A break above $103,600 could push BTC toward $104,200 or even $105,000.

• Downside Risk: If BTC fails to clear $103,200, it could slide to $101,200 or $100,500. A break below $100K might trigger further declines toward $98,500 or even $97,200, where bearish momentum could intensify.

⚠️ Key Levels to Watch

• Support: $101,200, $100,500, $100,000

• Resistance: $102,000, $103,600

Is this a buying opportunity, or are we headed for more losses? Share your thoughts below! 👇