$BTC $BIO /USDT is trading at $0.2177, down 10.19% in the past 24 hours. The price has been in a consistent downtrend, approaching its daily low of $0.2174, signaling growing bearish pressure. Key Levels to Watch: Resistance: $0.2230 – Reclaiming this level is crucial for any short-term recovery. Support: $0.2160 – A breakdown here could trigger a sharper sell-off to $0.2100 and beyond. Trade Setup: Bearish Entry: Below $0.2165, with targets at $0.2130, $0.2100, and $0.2050. Bullish Reversal Entry: Above $0.2235, aiming for $0.2300, $0.2350, and $0.2400. Stop Loss: $0.2200 to manage risk. Technical Insights: RSI: 14.17 – Deep oversold territory, indicating potential for a relief bounce. MACD: Strong bearish momentum, with no clear signs of reversal yet. SAR: Aligns with the ongoing downtrend. Market Outlook: BIO/USDT remains under heavy selling pressure. While RSI suggests oversold conditions, traders should exercise caution as a further drop below $0.2160 could lead to accelerated losses. A recovery above $0.2230 might offer some short-term respite. Trade wisely and stay alert!
#PCEInflationWatch $BIO /USDT is trading at $0.2177, down 10.19% in the past 24 hours. The price has been in a consistent downtrend, approaching its daily low of $0.2174, signaling growing bearish pressure. Key Levels to Watch: Resistance: $0.2230 – Reclaiming this level is crucial for any short-term recovery. Support: $0.2160 – A breakdown here could trigger a sharper sell-off to $0.2100 and beyond. Trade Setup: Bearish Entry: Below $0.2165, with targets at $0.2130, $0.2100, and $0.2050. Bullish Reversal Entry: Above $0.2235, aiming for $0.2300, $0.2350, and $0.2400. Stop Loss: $0.2200 to manage risk. Technical Insights: RSI: 14.17 – Deep oversold territory, indicating potential for a relief bounce. MACD: Strong bearish momentum, with no clear signs of reversal yet. SAR: Aligns with the ongoing downtrend. Market Outlook: BIO/USDT remains under heavy selling pressure. While RSI suggests oversold conditions, traders should exercise caution as a further drop below $0.2160 could lead to accelerated losses. A recovery above $0.2230 might offer some short-term respite. Trade wisely and stay alert!