#BitcoinPriceAnalysis

Analysis $BTC /USDT: Deep correction or the start of a more serious decline?

Let's look at the chart, which provides us with a number of interesting signals.

1. Price and Key Levels:

· Current price: ~$107,055. The token is in a clear downtrend, having fallen from a local high around $128,600.
· Critical support: The level of $105,312 (24h Low) is the main barrier for bulls. A break below and consolidation below this level will open the way to test the psychological mark of $100,000 and further down to $99,752 (minimum on the chart).
· Resistance: The nearest resistance is in the zone of $114,276. Overcoming this level will be the first signal of weakening bearish pressure.

2. Technical Indicators (Bearish signals):

· MACD (12,26,9): The indicator is in deep negative territory (MACD: -97.6), and the histogram has also moved into the negative. This is a clear and strong signal of downward momentum. The MACD and Signal lines (DEA) are significantly below zero, confirming the strength of sellers.
· RSI (8, 12): Values of 31.9 and 39 indicate that the market is on the verge of oversold conditions (especially RSI(8)). While this may suggest a quick rebound, in a strong downtrend RSI can remain in this zone for a long time.
· KDJ (9,3,3): The values of K (32.6) and D (41.5) are also in the bearish zone, indicating current dominance of sellers. The J value (14.8) is already in strong oversold territory, hinting at a possible tactical reversal or rebound.

3. Volumes:

· Trading volumes (24h Vol) at 14.33K BTC are elevated, confirming activity during the decline. This could indicate profit-taking or panic selling.

Summary and Scenarios:

The market shows a clear short-term bearish trend. All major indicators confirm selling pressure.

🔴 Basic scenario (Bearish):
The most likely scenario is testing the key support level of $105,300. A break below this level with high probability will lead to further decline toward $100,000 - $99,750. Buying positions under current conditions appear risky.

🟡 Alternative scenario (Correction/Bullish):
Current RSI and KDJ readings, especially the J value, indicate strong oversold conditions. This sets the stage for a technical rebound. If bulls manage to hold the price above $105,300, we could see a corrective rise to $110,750 (24h High) and further to $114,270.

💡 Recommendation:

· For bulls: Wait for confirmation of strength. Ideal entry points would be a rebound from $105,300 with increased volume or a confident break above resistance at $114,270.
· For bears: The current dynamics are favorable. A break below $105,300 could be used to open short positions targeting $100,000.

Attention: The overall trend on higher timeframes (for example, monthly) may still remain bullish, but we are currently experiencing a deep and serious correction. Be cautious and manage your risks.

⚠️This is not investment advice. Always conduct your own analysis (DYOR). #BTC