ابو مالك
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#Write2Earn $BTC
1. General near-term trend: bearish, due to:
Consecutive bearish candles.
The price reached a new low (117,000).
A slight rebound from it indicates the possibility of testing resistance.
2. Technical indicators:
StochRSI and MastoStochRSI below level 50 ⇒ still indicating a state of overselling but without confirmation of a strong rebound.
Williams %R at -74 ⇒ still in the oversold area.
RSI at 37 ⇒ indicates weakness in upward momentum.
K/D Lines and J Line indicate fluctuation and a lack of strong trend currently.
Nearby forecast (coming hours):
Likely scenario: there may be a slight upward rebound towards levels 117,800 - 118,000, but momentum is weak and the price may rebound down again unless the nearby resistance is broken.
Support and resistance:
Nearest support: 117,000 (touched).
Nearest resistance: 117,455 then 118,000.
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Summary:
🔸 Short-term trend: bearish with a possibility of a slight rebound.
🔸 Trading decision: if 118,000 is not broken, there is a possibility of falling again.
1. General near-term trend: bearish, due to:
Consecutive bearish candles.
The price reached a new low (117,000).
A slight rebound from it indicates the possibility of testing resistance.
2. Technical indicators:
StochRSI and MastoStochRSI below level 50 ⇒ still indicating a state of overselling but without confirmation of a strong rebound.
Williams %R at -74 ⇒ still in the oversold area.
RSI at 37 ⇒ indicates weakness in upward momentum.
K/D Lines and J Line indicate fluctuation and a lack of strong trend currently.
Nearby forecast (coming hours):
Likely scenario: there may be a slight upward rebound towards levels 117,800 - 118,000, but momentum is weak and the price may rebound down again unless the nearby resistance is broken.
Support and resistance:
Nearest support: 117,000 (touched).
Nearest resistance: 117,455 then 118,000.
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Summary:
🔸 Short-term trend: bearish with a possibility of a slight rebound.
🔸 Trading decision: if 118,000 is not broken, there is a possibility of falling again.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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