📉 Is a BTC correction possible this week?

Bitcoin (BTC) continues to trade near significant levels, but the current market situation indicates a possible short-term decline.

🔍 Key reasons for a correction:

1. Overbought market: Indicators such as Stochastic RSI and Williams %R show that BTC is in the overbought zone. This may signal the need for a correction before the next upward impulse.

2. Negative MACD: The MACD lines are still in the negative zone, indicating a weakening upward trend.

3. Proximity to resistance level: If BTC cannot overcome resistance at $100,500, the likelihood of a pullback to $98,000–$97,500 increases.

📊 Current situation:

BTC price: $99,679

Support level: $98,500 and $97,000

Resistance level: $100,500

💡 Conclusion: BTC may face a short-term correction, but this is a natural part of its market dynamics. Focus should be on the $98,500 level. If this level holds, the upward trend may continue.

What do you think, will BTC go into correction or continue to rise? Share your opinion in the comments! ⬇️

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