šŖ #BTC/USDT
Price: ā¹1,04,507.92
Current RSI (4H): 33.93 (Oversold zone)
MACD: Bearish crossover with histogram turning red
Price is below MA(7), MA(25), and MA(99) ā indicating short-term weakness.
š My Analysis:
Bitcoin has faced a strong rejection from ā¹1,10,500 zone.
But RSI nearing 30 suggests a bounce might be incoming.
We could see support around ā¹1,02,000, and if it holds, expect a push toward ā¹1,07,000+ again.
šÆ Entry: ā¹1,03,500 (spot or low-leverage futures)
š” SL: ā¹1,00,200
š TP1: ā¹1,07,000
š„ TP2: ā¹1,10,200
Price: ā¹1,04,507.92
Current RSI (4H): 33.93 (Oversold zone)
MACD: Bearish crossover with histogram turning red
Price is below MA(7), MA(25), and MA(99) ā indicating short-term weakness.
š My Analysis:
Bitcoin has faced a strong rejection from ā¹1,10,500 zone.
But RSI nearing 30 suggests a bounce might be incoming.
We could see support around ā¹1,02,000, and if it holds, expect a push toward ā¹1,07,000+ again.
šÆ Entry: ā¹1,03,500 (spot or low-leverage futures)
š” SL: ā¹1,00,200
š TP1: ā¹1,07,000
š„ TP2: ā¹1,10,200
