Analysis โ Strong Breakdown Alert๐ค๐๐
๐ป Current Price: $105,536
๐ 24h Change: -4.31%
โฐ Timeframe: 1H & 4H Combined View
๐งญ Trade Sentiment: Bullish Pressure Dominating
104,300
+3.22%
๐ Chart Overview & Technical Breakdown:
On both the 1H and 4H charts, BTC is showing a strong bearish momentum:
Price Action: Multiple red candles breaking below support zones indicate continued sell-off.
MA/EMA Cross (50, 20): $BTC Price is far below the EMA-20 and MA-50, confirming a short-term downtrend.
MACD: Deepening red histogram and bearish crossover signal momentum acceleration to the downside.
RSI: Currently around 21 (1H) and 28 (4H) โ deeply oversold, but no reversal confirmation yet.
๐ Breakdown Levels to Watch:
๐ป Immediate Support: $102,660 (24h low)
๐ผ Resistance Zone: $106,000 โ $107,300
โ Next crucial level: If $102,600 breaks, we may test sub-$100K psychological zone.
๐ Strategy Suggestion (Sell-Side Bias):
If retest to $104,600โ$105,200 fails, this zone is ideal for fresh short entries.