Relative Strength Index (RSI):
* The Relative Strength Index (RSI) may be in the neutral zone (between 30 and 70), indicating that the price is not in clear overbought or oversold conditions in this very short timeframe. However, some analyses suggest a potential bearish divergence in the RSI on some short timeframes, which may indicate a potential reversal.
* Trading Volume:
* Some analysts indicate that trading volume has been negative in the short term, weakening the currency.
A decrease in volume with a downward movement may confirm weakness in the bullish trend.
* Support and Resistance Levels:
* Support Levels: There appears to be a key support level around $102,600 - $103,000. Breaking this level could lead to further declines towards $100,000.
* Resistance Levels: Nearby resistance levels are around $105,000 - $106,000. Breaking these levels may indicate a resumption of the bullish trend.
Factors Affecting the Short Term (Less than 24 hours):
* Market Sentiment and News: Any surprising news (negative or positive) related to regulation, macroeconomics (especially from the United States), or geopolitical events can significantly and immediately affect the price of Bitcoin within hours.
* Whale Activity: Large movements of Bitcoin to and from exchanges can indicate intent to sell or buy and affect the price.
* Liquidations: Liquidating large long or short positions can increase volatility and drive the price in a certain direction.
* Liquidity: Some reports indicate that the market is undergoing a period of pressure, which may affect liquidity in the very short term.
Possible scenarios for the next 3 hours:
* Bearish Scenario: If selling pressure continues, and Bitcoin breaks the support level at $102,600, we could see a decline towards $100,000 or lower. Sudden negative news could accelerate this decline.
* Sideways/Neutral Scenario: Bitcoin may continue to fluctuate within a narrow range between current support and resistance levels ($103,000 - $106,000), with the absence of strong catalysts for any clear direction.
* Bullish Scenario (Least Likely in this very short timeframe without catalysts): A strong and sustained breakout above $106,000, supported by an increase in trading volume, could indicate a short-term recovery, but this typically requires a strong positive catalyst.
Important Advice:
Given the nature of the very short timeframe (3 hours), this analysis is subject to rapid changes. Traders and investors should exercise extreme caution, use risk management tools, and continuously follow the latest news and trading volumes. Do not rely solely on this analysis for investment decisions.
