Timeframe: 1H
Exchange: Bitstamp
Bias: Bearish
Posted by: Indonesia1945
Bitcoin is currently holding above the 107,273 support zone after a sharp intraday sell-off. The price has failed to break this key level decisively, which opens the possibility of a short-term rebound before further downside continuation.
Technical Zone Identification:
Immediate Support: 107,273
Resistance to Watch: 107,770 (former support turned resistance)
Major Downside Target: 105,400
Indicator Support:
Price trades below EMA 14, indicating ongoing bearish pressure.
No bullish divergence on RSI, suggesting that any rebound may be corrective rather than trend-reversing.
Exchange: Bitstamp
Bias: Bearish
Posted by: Indonesia1945
Bitcoin is currently holding above the 107,273 support zone after a sharp intraday sell-off. The price has failed to break this key level decisively, which opens the possibility of a short-term rebound before further downside continuation.
Technical Zone Identification:
Immediate Support: 107,273
Resistance to Watch: 107,770 (former support turned resistance)
Major Downside Target: 105,400
Indicator Support:
Price trades below EMA 14, indicating ongoing bearish pressure.
No bullish divergence on RSI, suggesting that any rebound may be corrective rather than trend-reversing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.