$BTC

1️⃣ Recent Trend Overview

•Rally 📈: BTC surged from $65,260 to a peak of $108,353—a massive bull run reflecting strong buyer interest.

•Correction 📉: After the peak, a steep drop brought BTC back to the $95,249 level, showing selling pressure.

2️⃣ Key Levels to Watch

•Support Zones 🛡️:

•$92,232: Current 24-hour low, acting as the immediate support.

•$78,906: A critical previous support that may come into play if the downtrend continues.

•Resistance Levels 🚧:

•$102,800: 24-hour high and a key resistance point.

•$108,353: Major rejection zone where profit-taking started.

3️⃣ Indicators Analysis

Volatility (BOLL) 🌊: The Bollinger Bands likely widened during the rally and now signal cooling momentum.

•SAR (Stop and Reverse) 🔁: Likely showing bearish dots above candles, confirming a short-term downtrend.

•Volume (VOL) 🔊: High recent volume indicates increased trader activity, supporting both the rise and fall.

4️⃣ Momentum Signals

•MACD ⚡: Likely bearish crossover, signaling weakness in momentum.

•RSI 📉: Potentially moving below the overbought zone, suggesting sellers are dominating.

5️⃣ Market Sentiment

•Bearish Pressure 🐻: The sharp decline after $108,353 suggests traders are locking in profits.

•Caution for Bulls ⚠️: A retest of $92,000 could lead to further drops.

6️⃣ Outlook Ahead

•Short-term Bearish 🛑: Expect more downside unless BTC reclaims $102,000.

•Key to Reverse 🔄: Breaking $108,353 would reignite bullish sentiment.