BTC/USDT Daily Chart: Calm Before the Break?
BTC is currently trading at 116,496.72, down slightly by 0.15%. Price action is hovering just above the EMA(34) at 115,041.80, suggesting short-term bullish structure remains intact — but momentum is fading.
📊 Key Indicators:
- RSI(6): 54.86 — neutral zone, no extremes.
- MACD: Bearish divergence (DIF 356.23 < DEA 593.16), signaling weakening momentum.
- Volume: 9,508 — below both MA(5) and MA(10), showing reduced participation.
📈 Support & Resistance:
- Resistance: 118,210 → 124,016
- Support: 112,404 → 106,598
The chart shows BTC caught between two key zones. A breakout above 118,210 could trigger a move toward 124K, but without volume, it’s just noise. On the flip side, losing 112,404 opens the door to a deeper pullback toward the EMA(89) at 109,734.98.
🔍 What to watch:
- Daily close above 118,210 with rising volume = bullish confirmation.
- Breakdown below 112,404 = bearish pressure.
- MACD crossover and RSI shift = momentum clues.
💬 Your move:
Are we heading for a breakout or a breakdown? Drop your vote:
- 🟢 A) Break above 118,210
- 🔴 B) Fall below 112,404
- ⚪ C) Sideways chop
Also — where’s your invalidation level? Let’s see who’s trading with discipline.
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Stay sharp. Trade the chart, not the hope. 📉📈