🔹 Trend & Price Structure
BTC recently peaked at $124,474 and is now in a correction phase.
Price is forming lower highs & lower lows, trading around $113K.
Currently testing the green uptrend support line.
As long as $108K–$110K holds, the macro bullish trend remains intact.
🔹 RSI Signal
RSI: 34 → near the oversold zone.
Indicates strong selling pressure, but also increases chance of a bounce/reversal.
🔹 Key Levels
📉 Support Zones: 114,366 → 108,446 → 98,200
📈 Resistance Zones: 120,007 → 124,474
📊 Possible Scenarios
✅ Bullish Case (Uptrend Continuation)
Support at 114K–112K holds.
RSI bounces from oversold.
Targets: 120K → 124K → 130K+.
❌ Bearish Case (Correction Deepens)
Daily close below 114K.
Next supports: 108K–110K.
Break below this = possible drop toward 98K.
➖ Sideways / Range-Bound
Consolidation between 114K–120K.
Next breakout/breakdown defines direction.
📌 Trading Strategy
🔸 Short-Term Traders:
Look to buy near strong supports (114K / 108K) with tight stop-loss.
Consider shorts only if BTC closes below 114K.
🔸 Long-Term Investors:
This correction is healthy in a bull cycle.
Key accumulation zones: 108K & 98K.
Main bullish structure only breaks below 98K.
👉 Final Note: BTC is in a correction but still bullish overall.
The 114K–112K decision zone will define the next big move. 🚀📉
