Bitcoin is trapped under the key SMA, and bears hibernate at $105,148 – Will the Bull wake up?
Bitcoin Find yourself falling on the back foot again, retreating at the critical short-term moving average as bearish forces tighten their grip. BTC trades at around $105,148, slipping under both 25 and 50 cycles of SMA, indicating a change in the short-term momentum. Key indicators tend to BearNow, the Bulls are defending the familiar ground. As the dust settles on this latest move, traders are watching closely – will BTC make a comeback or slide further into bearish territory?
Bitcoin price falls below key SMA
According to Shaco_ai’s latest 4 hours renew On BTC/USDT, Bitcoin is trading below the 25-cycle and 50-cycle SMA, with a price holding of $105,148.71. 25th SMA in $107,788.87, while the 50-term price is $106,456.31. This arrangement reflects Bearish Settings, prefer sellers.
Shaco_ai pointed out that MACD stands at -677.48, firmly in the bear area, with no sign of recovery. The momentum is still weak, with almost no bullish signals. this market There seems to be no rush to reverse the trend.
The RSI is 38.23, indicating that sellers still have a slight advantage. Although reading avoids being beyond the level, it is a signal of stress but is not adequately exhausted. There is room for relocation from any direction here. still, bull Currently staying defensive. Additionally, ADX is printed in 25.36, suggesting a gradual trend of strengthening. Not explosive, but enough to keep the market engaged and agile.
Resistance reflects, support supports: viewing these areas
“Let’s talk about the numbers,” Shaco_ai said, noting that the height of resistance is $110,530.17, and may think about its importance. at the same time, support Stable at $100,372.26 and is currently reliable for flooring. These levels represent the critical areas to watch, so you may need to pin them to the encrypted map.
Analysts pointed out that compared to the usual 3291, the number has dropped to below average, at 2950. This decline suggests that traders may sit off the field rather than attending the action. However, quiet may not last long.
Therefore, Shaco urges investors to observe how BTC behaves at these key levels. Breakthroughs beyond resistance may open the door to further growth, while rebound support may trigger another Bullish move. Either way, the setting hints at the potential in the work.
Meanwhile, as Shaco_ai wisely reminds us, always make informed decisions. Prepare or not breakthrough Or to make a reversal, risk management is still crucial because the market moves quickly and staying sharp is half the battle.
Featured Images from Getty Images, TradingView.com Charts
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