๐จ $BTC /USDT โ Oversold & Slipping! Is a Rebound Coming or More Pain Ahead? ๐ฉธ๐
$BTC is trading at $117,429.90, down 0.57% as bulls lose grip near key support. RSI is flashing oversold territoryโare buyers preparing to step in, or will we dip below $116K? Letโs dig in ๐
๐ Market Overview
๐ Current Price: $117,429.90
๐ 24h High: $119,676.73
โ๏ธ 24h Low: $116,467.02
๐ Parabolic SAR: (Not shownโwatch for flip below $117K)
๐ MACD Estimate: Bearish trend forming
MA(7): 118,198.21
MA(25): 118,223.13
MA(99): 118,399.77
๐ RSI (6): 27.70 โ Deep in oversold zone (Reversal risk or further bleed?)
๐ BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds $116.5K):
Entry: Above $117.8K
Targets: $119.5K, $121K, $123K
Stop-Loss: $116.2K
๐น Bearish Scenario (If BTC Breaks Below $116.2K):
Entry: Below $116.2K
Targets: $115K, $113.8K, $111.5K
Stop-Loss: $118.2K
๐ Hold or Sell?
โ RSI at 27.70 = Highly oversold โ watch for a bounce
โ Price below MA(7), MA(25), and MA(99) = Clear bearish pressure
โ If $116.5K holds with rising volume, short squeeze could follow
โ ๏ธ Losing $116K = Fast drop likely toward $113โ111K zone
๐ก Pro Tip:
๐ Donโt chase the bottom. Look for RSI divergence + bounce near $116.5K for safer re-entry.
๐ Big players accumulate in fearโuse volume to track smart money moves.
๐ข Are you buying the fear or waiting for $113K? Letโs discuss below! ๐ฌ
๐ฅ LIKE & SHARE if this helped clarify your next BTC trade! ๐