$RIVER After a strong bullish rally from the 15.07 low, price pushed aggressively toward 24.07 resistance.
Now we are seeing:
❌ Rejection from 24 zone
❌ Lower highs forming on 1H
📉 Price pulling back toward MA25
RSI dropping below 40 (weak momentum)
Short-term momentum is cooling down.
🔵 Key Levels to Watch
🟦 Major Resistance: 24.00 – 24.15
Strong rejection zone. Until this breaks with volume, upside is limited.
🟩 Immediate Support: 19.50 – 19.00
If this level breaks, next downside could be:
➡ 18.20
➡ 16.90 (MA99 dynamic support)
📌 Trading Scenarios
🔻 Bearish Scenario
If price closes below 19.50 with volume:
Short-term drop toward 18–17 zone possible.
🔺 Bullish Scenario
If price reclaims 21.00 and holds:
Then retest of 23–24 area likely.
💡 Conclusion
Right now structure is corrective after rally, not fully bearish yet.
Market needs confirmation:
Below 19.50 → sellers control
Above 21.00 → bulls regain strength
Wait for confirmation instead of emotional entry.
#RİVER #btcdownfall