#DayTradingStrategy
BTC/USDT Urgent Market Update ā Will $107.4K Hold or Break? š„
š Current Snapshot (2H Chart)
Price: $108,000 š» (-1.03%)
24h High: $109,201 š
24h Low: $107,429 š
RSI (6): 40.92 š (Bearish-Neutral)
Volume: š“ High on red candles, š¢ green candle just appeared
š Bearish Signals
ā Rejected hard near upper Bollinger Band at $109.7K
š Lower highs + lower lows = Clear short-term downtrend
š» Trading below middle Bollinger Band ($108.58K) and hovering near lower band
š RSI under 50 ā Bearish momentum continues
ā Bullish Signs (Relief Rally Incoming?)
š¢ Strong buying wick at $107,429 ā buyers are active at this support
š RSI recovering from oversold territory (40.92)
šŖ Possible double bottom forming at $107.4K ā watch closely!
š® Next Move Prediction
1ļøā£ Bullish Scenario (If $107,429 Holds):
š Expect bounce toward $108,580 (mid-Bollinger)
šÆ If flipped, target $109,200
š© Formation of short-term bullish reversal pattern
2ļøā£ Bearish Scenario (If $107,429 Breaks):
āļø Next support: $107,086
ā ļø Stronger demand zone between $106,500 ā $106,800