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BTC/USDT Trade Setup (1D Chart Analysis)
Current Price: $101,333.17
Change: -0.74%
24H Range: $98,200 – $102,137
RSI(14): 39.66 (Bearish Zone)
Technical Overview:
Trend: Bearish momentum building as BTC breaks below the 9 EMA (red), 25 EMA (green), and 45 EMA (purple).
Resistance Levels:
Immediate resistance at $101,827 (previous support, now flipped).
Stronger resistance near $107,551, a key level from recent rejections.
Support Levels:
Short-term support around $96,200.
Deeper support at $90,500 and $84,850, based on previous bounce zones.
Indicators Insight:
RSI at 39.66 suggests weakening buying pressure and a shift toward oversold territory — room for a potential bounce, but no confirmation yet.
EMA Cross Structure: 9 EMA has crossed below the 25 and 45 EMA, reinforcing a short-term bearish trend.
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