🔴📉 $BTC /USDT at Critical Juncture: Market-Wide Implications Ahead
The BTC/USDT pair currently trades at $107,818 (-1.49%), showing bearish signals that could drag down the entire market. The RSI(6) at 28.35 indicates oversold conditions, but the downward momentum remains strong.
Key resistance levels to watch:
- Immediate: $108,579
- Strong: $109,985 (24h high)
- Major: $110,529
Critical support zones:
- First: $107,333 (24h low)
- Next: $107,173
The chart reveals weakening momentum with MA(5) below MA(10), confirming short-term bearish pressure. A break below $107,173 could trigger deeper correction, potentially causing market-wide declines. While oversold RSI may bring temporary relief, the overall trend appears bearish. Traders should watch these key levels closely, as Bitcoin's movement will likely dictate altcoin performance in coming sessions.