🚀 $BTC /USDT Technical Analysis – Will Bitcoin Hold $101K or Drop Further? 🎯
📌 Current Price: $101,965 (-2.10%)
📈 24h High: $106,012 | 📉 24h Low: $101,412
🔄 24h Volume: 20,718 BTC (~2.14B USDT)
📊 Technical Overview:
Bitcoin is trading near its key support at $101,400. A breakdown below this level could trigger further declines, while resistance stands strong at $106,000.
RSI: 40 (Near Oversold) – Possible Reversal Zone
MACD: Bearish Crossover – Downtrend Signals
EMA 50 & 200: BTC is below 200 EMA, confirming a bearish structure
📉 Short Trade Setup (Bearish Scenario):
🔻 Short Entry: $101,800 - $102,000
🎯 Target 1: $100,500
🎯 Target 2: $99,800
🎯 Target 3: $98,600
🛑 Stop Loss: $103,200
📈 Long Trade Setup (If Reversal Happens):
🔼 Long Entry: $102,500 - $103,000
🎯 Target 1: $104,200
🎯 Target 2: $105,400
🎯 Target 3: $106,800
🛑 Stop Loss: $101,200
📌 Trade Momentum & Next Move?
🔴 Bearish Trend: If BTC breaks below $101,400, expect further downside pressure.
🟡 Neutral Zone: RSI near oversold, meaning a bounce is possible if support holds.
🟢 Bullish Breakout: If BTC closes above $103K, expect a rally towards $106K.
💡 Bitcoin is at a decision point! Will it bounce back or break down? Share your thoughts! 📊🔥
