๐ง $BTC / USDT โ Quick 1H Brain Check
Hello traders,
๐ Current price: $107,570
So whatโs happening here?
BTC is bouncing slightly from support at $107,165 after that heavy dump from $108,499. Structure is still retracing, but the bearish speed is slowing down a bitโฆ no solid reversal yet though.
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๐ Important Levels
๐ Support Zones
$107,165 โ current candle reaction zone
$106,313 โ previous strong support
โค๏ธ Resistance Zones
$108,127 โ $108,499 โ last major peak area
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๐ Technical Indicators
๐ธ RSI
RSI(6): 42.1 โ Neutral-bearish, exiting oversold slowly.
RSI(12) & (24): Sideways โ market is consolidating without any clear momentum right now.
๐ธ MACD
Still in the negative zone (-45.8), no bullish crossover yet.
No green bars โ reversal not confirmed, but the histogram is flattening out.
๐ธ Volume
Dropping after the previous spike โ market is breathing and consolidating post correction.
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๐ก Possible Long Entry (Only If Market Shows Strength)
โ Entry Zone
$107,750 โ $107,800 โ ONLY if it breaks with candle body + increasing volume.
๐ฏ Targets
TP1: $108,127 (minor resistance)
TP2: $108,499 (recent high)
๐ Stoploss
$107,150 โ below current support candle wick.
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โ Avoid Entry If
BTC breaks below $107,150 strongly โ it could go test $106,313.
RSI(6) drops below 35 again with a downward angle.
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๐งญ Alternative Safer Plan Wait for a bullish MACD crossover + increasing volume + RSI(6) above 50 for a more technically solid and lower-risk entry.
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๐ซก Current Vibes: Slight bounceโฆ No strong reversal confirmation yet.