๐ Bitcoin Technical Analysis
As of now, BTC is trading around $101,790 USD.
Key Levels to Watch
Support zone: ~$100,000โ$101,300 USD โ this remains a critical base.
Resistance zone: ~$106,000โ$107,000 USD โ overhead supply pressure is evident here.
Moving average context: The 20-day and 50-day averages (~$108K and ~$110K+) are above current price, signalling bearish bias.
Momentum & Trend Indicators
RSI (14) sits near the mid-range (around 46) โ neither overbought nor strongly oversold.
MACD shows negative momentum (e.g., MACD below signal line) โ bearish tilt.
According to one screener, moving averages predominantly lean โSellโ.
Interpretation & Outlook
BTCโs price action suggests a consolidation phase with a bias toward the downside unless a breakout occurs. The fact that price is below key moving averages highlights the risk of further softening. If the ~$100K support breaks decisively, a deeper correction toward the lowโ$90K region is possible (as some analysts argue).
On the flip side: if BTC manages to reclaim and hold above $114K+). But volume and momentum will need to confirm.
Strategy Notes for Traders & Content
For short-term trades: Monitor the ~$100K support zone. A strong bounce there could offer a scalping or swing opportunity.
For medium-term view: Watch for a break above ~$107K (bullish) or break below ~$100K (bearish).
Risk management: Given the uncertain momentum, keep stops tight and size moderate. News/volume plays could trigger sharp moves.
