#BTC#

📊 BTC Today's Market Analysis
Current price: $113,189 💰
24-hour decline: -1.97% 📉
7-day drop: -2.65% 📉
Technical signals 🔍
• The RSI is at 43.9 in the oversold area, indicating a relief in selling pressure.
• The daily super trend indicator shows a bearish signal, resistance level $122,000
• The middle band support of the Bollinger Bands at $116,623 has been breached.
• The MACD negative value is expanding, indicating increased bearish momentum.
Key price level 🎯
Support: $112,460 (close to testing)
Resistance: $114,680, $116,623
Market Dynamics 📰
• The massive sell-off of ancient giant whales has created supply pressure.
• Institutional funds are flowing in but struggling to digest the massive sell-off.
• Bitcoin is transforming from a risky asset to a safe-haven asset.
Future Trend Judgment 🚀
Short-term: Continue to be under pressure, pay attention to the $112,000 support.
Medium-term: Waiting for the whale sell-off to end, expecting a rebound to the $117,000-120,000 range.
Long-term: Institutional allocation demand supports a bullish outlook to $130,000+
Operation Suggestions 💡
Build positions in batches in the $112,000-115,000 range
Stop loss $110,000
Target $125,000
#MLP#
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