Dont Forget To buy The deep
BTC/USDT is currently trading at $105,912.31, reflecting a 2.55% decline in the last 24 hours, signaling continued bearish momentum. The price has ranged between a 24-hour high of $108,813.55 and a low of $105,726.65, showing moderate intraday volatility. Technically, BTC is trading below the 7-day MA ($106,614.66), 25-day MA ($107,415.43), and 99-day MA ($108,275.18), suggesting sustained downward pressure in both the short and mid-term outlooks. The Relative Strength Index (RSI) is at 27.32, indicating that the asset is in oversold territory, which could potentially lead to a short-term rebound if buying interest emerges. Volume stands at 389.7K BTC, with daily trading activity still high. Despite short-term weakness, BTC remains up 52.14% over the past year, reflecting strong long-term investor confidence. However, short-term performance is flat, with just +2.09% over 30 days and +2.56% over 7 days, hinting at consolidation or possible further correction. A critical support zone lies near $105,726, and if breached, it could trigger deeper declines. On the flip side, a recovery above the 7-day MA could initiate a trend reversal if volume supports the move.