🚀 Bitcoin ($BTC ) Ready for a Reversal or More Downside? Key Levels to Watch!
Current Price: $102,079.99 (-3.32%)
24h High: $106,012.00 | 24h Low: $101,412.00
Volume: 17,925 BTC (~$1.84B USDT)
🔥 Technical Outlook: Is BTC Gearing Up for a Comeback?
Bitcoin is testing key support at $101K-$102K after a sharp pullback from $106K. A bounce from this zone could spark a bullish move, but failure to hold may trigger further downside.
📉 Momentum: Bearish to Neutral
📊 RSI: Near 40 (Approaching oversold)
📉 MACD: Bearish crossover, but weakening
📈 EMA Levels:
20 EMA: $103,500 (Immediate resistance)
50 EMA: $105,000 (Major resistance)
🎯 BTC Trade Setup: Key Targets & Strategy
🔵 Entry Zone: $101,500 - $102,200
🔴 Stop-Loss: Below $100,800
🎯 Target Levels:
1️⃣ $103,800 – First resistance zone
2️⃣ $105,500 – Key breakout level
3️⃣ $107,000 – Bullish confirmation
🚀 Breakout Scenario:
Above $105K? BTC may push toward $107K+!
Below $101K? Next major support sits at $99,500.
⚡ Strategy: Look for a strong bounce from $101K-$102K with increasing volume before entering long. If BTC struggles to hold support, short-term bearish pressure may intensify.
