🔻 BTC/USDT Facing Pressure! What’s Next? ⚡

Analysis:

The daily chart for BTC/USDT reveals a recent pullback after reaching a peak of $108,353. Let’s break it down:

1. EMA Signals:

• Price is trading below the EMA(7) at $99,044, signaling short-term bearish momentum.

• EMA(25) and EMA(99) show mixed trends, with a possible support zone near $94,000 - $95,000.

2. Stochastic RSI:

• Extremely low at 1.06, indicating oversold conditions. A bounce-back could be expected soon.

3. RSI Levels:

• RSI(6) at 34.72 and RSI(12) at 46.80, reflecting weakened momentum but not yet oversold on a larger scale.

4. Volume Trends:

• Declining volume suggests reduced participation, hinting at indecision in the market.

Prediction:

• Short-term: BTC might test lower support at $95,000 before finding buyers for a potential recovery.

• Medium-term: If bulls regain strength, resistance levels at $99,000 - $100,000 could act as targets.

Pro Tip:

• Keep an eye on volume spikes and RSI recovery for a strong reversal signal! Patience is key! 🛡️$BTC