$BTC
📊 Technical Analysis $BTC Today – Is There Still Potential for a Downward Movement?
The current price of Bitcoin ($BTC) is at $103,239, experiencing a decline of about -4.75% in the last 24 hours. Here are some important technical points:
🔻 RSI(6) = 20.71
➡️ Has entered the oversold zone. This could be a potential rebound signal in the near future, but there is no confirmation of a trend reversal yet.
📉 MACD = -4.54 and DIF - DEA = negative
➡️ Indicates that bearish pressure is still dominating, and the downward trend is not fully over.
📈 MA(5) is above MA(10)
➡️ There is a slight effort for a very short-term recovery, but it is not strong enough to counter MA60 at $105,339, which is an important resistance level.
📌 Strong Support Zone: $103K – $100K
If $BTC breaks below $103K and fails to hold at $100K, selling pressure could increase further. However, if it holds and a rebound occurs, this could be a short-term turning point.
📉 The market is moving volatile — be careful of fake breakouts!
