$BTC 📊 BTC/USDT – 15-Min Chart Analysis

Price: $107,905.06 (+0.65%)

Time: 22:41 WITA

🔸Price Action:

BTC faced strong rejection at $108,528 and is now showing a bearish pattern on the 15-minute chart. The price broke below EMA 7 & 25, now testing EMA 50 as dynamic support.

🔸Moving Averages:

EMA 7: 108,073

EMA 25: 107,990

EMA 50: 107,707

EMA 99 & 200 still support a mid-term uptrend, but short-term bias is turning bearish.

🔸Bollinger Bands:

Price has dropped below the middle band and is approaching the lower band, indicating increased downside pressure and volatility.

🔸Volume:

Bearish candle with strong selling volume confirms seller dominance.

🔸Momentum Indicators:

MACD: Bearish histogram growing, MACD lines still diverging downwards.

Stoch RSI: Oversold zone (6.57/7.56), but no reversal signal yet.

RSI (6): At 35.03, nearing oversold but still has room to drop.

---

🔻 Short-Term Bias: Bearish Correction

Break below EMA50 may lead BTC to test lower support zones:

Next Targets: $107,400 / $107,200

Resistance Zone: $108,000–108,150

🧠 Scalping Plan:

Short Entry: Around $107,950–108,000 (retest zone)

TP: $107,400 / $107,200

SL: Above $108,150

RR: Minimum 1:2 recommended

⚠️ Long Entry: Wait for a bullish reversal signal (Stoch RSI cross or bullish engulfing).