Technical analysis by Bithereum_io about Symbol BTC on 21 hour ago

Ok guys, let’s take a look at what’s happening on Bitcoin’s daily chart. We currently have a resistance zone and a support zone, and #BTC is moving between them. Since Bitcoin is trading below the Ichimoku cloud and the SMA50, while both MACD and RSI are showing bearish signals — combined with the market fear caused by Trump-related news — there’s a chance BTC might retest the support zone around $108,377 ~ $107,146. This area aligns with the daily SMA200, where #Bitcoin could potentially bounce. For a bullish scenario, Bitcoin needs to break above the resistance zone around $123,306 ~ $124,658. As long as it remains below this area, the market is considered to be in a bearish phase. Additionally, due to market manipulation and both real and fake news, #BTC could briefly dip to the weekly support zone around $102,620 ~ $101,109, or even make a short-lived shadow below $100,000. As long as Bitcoin doesn’t close a weekly candle below $100,000, the market can still be considered safe and capable of reversing upward. So, pay close attention to the support and resistance zones marked on the chart. Important Recommendations: 1- Avoid opening any long or short positions for now. 2- In the spot market, don’t go hunting for coins or tokens just because they look cheap — sometimes the “bottom” you’re buying might actually be the top! 3- Be patient and let the market find its direction and stabilize. Sometimes, waiting and watching is the biggest profit. 4- If you’re an experienced trader, you can buy strong coins with a small portion of your capital while keeping most of your funds in stablecoins to enter at the right moment. We hope this overview answers the questions many of you have sent us in private messages. Stay safe! Don’t let fear take over — and don’t act emotionally!