$BTC

Based on the BTC/USDT technical chart on the 1-day timeframe, the price of Bitcoin is at 114,790.29 USDT, down 3.15% in the past 24 hours. After reaching a short-term peak at the area of 123,218 USDT, the price has shown a clear correction and is currently fluctuating near the middle of the Bollinger Bands (MB = 118,064.88), while approaching the lower band (DN = 115,640.66). The MACD is cutting below the signal line with a fairly deep negative value (-769.52), indicating a negative signal. The RSI (6) is at 25.64 – in the oversold zone, showing that selling pressure is dominant but also poses a potential for technical recovery. In the short term, the BTC price trend is downward, and investors need to cautiously observe the reaction around the support area of 114,000 – 112,000 USDT. If this area is broken, the downward trend may continue deeper.

#BTC