#DayTradingStrategy

BTC/USDT Urgent Market Update — Will $107.4K Hold or Break? 💥

📊 Current Snapshot (2H Chart)

Price: $108,000 🔻 (-1.03%)

24h High: $109,201 📈

24h Low: $107,429 📉

RSI (6): 40.92 😐 (Bearish-Neutral)

Volume: 🔴 High on red candles, 🟢 green candle just appeared

📉 Bearish Signals

❌ Rejected hard near upper Bollinger Band at $109.7K

📉 Lower highs + lower lows = Clear short-term downtrend

🔻 Trading below middle Bollinger Band ($108.58K) and hovering near lower band

📉 RSI under 50 — Bearish momentum continues

✅ Bullish Signs (Relief Rally Incoming?)

🟢 Strong buying wick at $107,429 — buyers are active at this support

📈 RSI recovering from oversold territory (40.92)

🪙 Possible double bottom forming at $107.4K — watch closely!

🔮 Next Move Prediction

1️⃣ Bullish Scenario (If $107,429 Holds):

📈 Expect bounce toward $108,580 (mid-Bollinger)

🎯 If flipped, target $109,200

🟩 Formation of short-term bullish reversal pattern

2️⃣ Bearish Scenario (If $107,429 Breaks):

⛔️ Next support: $107,086

⚠️ Stronger demand zone between $106,500 – $106,800