๐จ $WBTC /USDT โ Dip Zone or Deadweight? โ ๏ธ๐ฐ
#Wrapped Bitcoin is slipping at $106,028.92 (-1.41%), holding just above critical support at $105,609.75. With RSI down to 34.70, this may be the last stop before a bounceโor a breakdown.
๐ Market Overview
๐ Current Price: $106,028.92
๐ 24h High: $108,267.19
โ๏ธ 24h Low: $105,609.75
๐ Parabolic SAR: Hovering near $106,050 (Bearish cloud remains)
๐ MACD Momentum:
DIF: Weak and flattening
DEA: Low, bearish slope
MACD: Momentum coolingโbuyers still inactive
๐ WBTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If WBTC Holds Above $105,600):
Entry: Above $106,500
Targets: $107,500, $108,700, $110,000
Stop-Loss: $105,000
๐น Bearish Scenario (If WBTC Breaks Below $105,000):
Entry: Below $104,800
Targets: $103,200, $101,800, $100,000
Stop-Loss: $106,300
๐ Should You Hold or Sell?
โ RSI at 34.70 = approaching oversold zoneโbounce likely if $105.6K holds
โ Still tracking Bitcoinโwatch BTC/USD for primary direction clues
โ Drop below $105K could open the door to a fast flush down to $100K
๐ก Pro Tip:
๐ Use BTC/USDT levels for confirmation before taking WBTC trades
โ ๏ธ Liquidity is thinnerโset stop-loss precision tighter than on BTC itself
๐ข Do you prefer WBTC for DeFi flexibility or are you just mirroring BTC trades? Letโs talk!
๐ฅ LIKE & SHARE for more BTC-based setups and smart dip entries! ๐๐ง