Technical Analysis: Bitcoin (BTC)

Current Price: $97,356.89 (-3.34%)

Moving Averages (MA):

Price is below short-term MAs (MA10, MA20) ➡️ short-term downtrend.

Above long-term MAs (MA50, MA100) ➡️ medium- and long-term uptrend remains intact.

RSI (Relative Strength Index):

RSI is at 45 ➡️ neutral zone but nearing oversold territory, signaling potential selling pressure.

MACD Indicator:

MACD line below the signal line ➡️ bearish momentum with a sell signal.

Support & Resistance:

Support: Nearest at $95,000. Breach could lead to $90,000.

Resistance: Key level at $100,000. Breakout might push BTC to $105,000.

Trading Tips:

Short-Term:

Watch $95,000 (support) and $100,000 (resistance).

Break below $95,000 ➡️ sell or buy lower.

Break above $100,000 with volume ➡️ long positions.

Long-Term:

Hold positions if bullish.

Set stop-loss to protect gains.

BTC’s long-term uptrend remains strong despite short-term corrections. #MarketPullback #MarketCorrectionBuyOrHODL? #USUALTradingOpen #USJoblessClaimsFall