$BTC

/USDT Technical Analysis:

Current Price: $103,524.97

24h Change: -3.01%

Support Level: $103,137.82 (24h low)

Resistance Level: $107,633.00 (24h high)

Key Indicators:

MACD: Neutral/Negative crossover, indicating weak bearish momentum.

RSI (Relative Strength Index): Near 50, indicating neutral market conditions.

Volume: Decreasing volume during the drop suggests weaker sell pressure.

Trade Signal: Bearish Bias

Momentum: Slight bearish bias, with the potential to retest support at $103,137.82. If the support holds, the price might rebound towards resistance levels. Watch for a breakout above $106,000 for bullish reversal signals.

Targets:

Target 1 (Short Term Support): $103,000

Target 2 (Mid Term): $101,500

Target 3 (Longer Term): $99,000 (if momentum remains bearish)

Keep a close watch on price action and momentum for potential reversal above $106,000 for a more bullish move.

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