๐ช #BTC/USDT
Price: โน1,04,507.92
Current RSI (4H): 33.93 (Oversold zone)
MACD: Bearish crossover with histogram turning red
Price is below MA(7), MA(25), and MA(99) โ indicating short-term weakness.
๐ My Analysis:
Bitcoin has faced a strong rejection from โน1,10,500 zone.
But RSI nearing 30 suggests a bounce might be incoming.
We could see support around โน1,02,000, and if it holds, expect a push toward โน1,07,000+ again.
๐ฏ Entry: โน1,03,500 (spot or low-leverage futures)
๐ก SL: โน1,00,200
๐ TP1: โน1,07,000
๐ฅ TP2: โน1,10,200
Price: โน1,04,507.92
Current RSI (4H): 33.93 (Oversold zone)
MACD: Bearish crossover with histogram turning red
Price is below MA(7), MA(25), and MA(99) โ indicating short-term weakness.
๐ My Analysis:
Bitcoin has faced a strong rejection from โน1,10,500 zone.
But RSI nearing 30 suggests a bounce might be incoming.
We could see support around โน1,02,000, and if it holds, expect a push toward โน1,07,000+ again.
๐ฏ Entry: โน1,03,500 (spot or low-leverage futures)
๐ก SL: โน1,00,200
๐ TP1: โน1,07,000
๐ฅ TP2: โน1,10,200
