$BTC

UPDATE MARKET $BTC

As of today, $BTC has corrected to touch the daily low price of $103,371 before slightly rebounding to the level of $104,100 (-3.58%). This correction occurred after Bitcoin failed to maintain the resistance area at $108.9K and broke below the dynamic support areas of EMA(13) and EMA(21), which are now at $105,342 and $105,830, respectively.

📊 From a technical perspective, the current structure has re-entered a phase of short-term pressure. The price is currently trading below all major EMA lines (13/21/99), with a slope that has sharply declined. The RSI(6) is recorded at 23.16, indicating that Bitcoin is in the intraday oversold zone, but without any strong reversal signs so far.

The 24-hour trading volume has also surged to 2.02B USDT, indicating high distribution activity that could be a form of short-term panic selling, or even the potential onset of a deeper correction trend if a reversal does not occur soon.

If $BTC fails to maintain support in the range of $103.3K, then the next psychological area is at $100K and $98K. However, if buyers can push the price back above $106K (EMA99), a retest to the area of $108K may occur to re-test the supply zone that was previously unable to be breached.