05186875922 Here is a precise and concise analysis of Bitcoin (BTC) based on the current price: 103,210.89 USDT:
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🔹 General Trend:
Bearish in the short term (5 minutes to 4 hours).
Corrective in the medium term (daily), after breaking important support levels.
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🔹 Support and Resistance:
Strong Support:
🔸 102,500
🔸 101,800 (breaking this means a sharp drop to 100,000)
Strong Resistance:
🔸 104,200
🔸 105,300 (if breached, the price returns to the upward trend)
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🔹 Current Technical Indicators:
RSI: below 50 → Continued bearish momentum
MACD: Negative crossover → Confirmation of the downward trend
EMA 50 / 200: price is below them → Clear selling pressure
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🔹 Quick Advice for Scalpers:
Sell from areas 104,000 - 104,200 with a close stop loss
Buy from areas 102,500 - 101,800 with extreme caution and a stop loss below 101,500
05186875922