Technical analysis by cryptodailyuk about Symbol BTC on 10/17/2025

• Trend: clear decline in the descending channel (yellow lines). • EMA 50/200: during a bearish cross (death cross) - medium-term bearish signal. • SMA 50 / 100 / 200: price below all key averages - a classic signal of market weakness. ⸻ 📉 1. Trend indicators 🔹 EMA Cross 50/200 (blue) • The price has fallen below EMA 200, which means that the medium-term trend is currently negative. • In addition, the EMA 50 breaks the EMA 200 from above - a sell signal. 🔹 Descending Channel (Yellow) • The price is close to the lower band of the channel, which may result in a short-term technical rebound, but the main trend remains down. • Upper channel line (resistance): approximately USD 114,000-115,000 • Bottom Line (Support): ~$101,000 📊 3. Momentum indicators 🔸RSI • RSI ≈ 37 → close to oversold zone, but not extreme yet. • Signal: Possible short bounce if it stays above the 30 level. 🔸 MACD • The MACD line is below the signal line and the negative histogram is growing → the downward momentum continues. • No signs of reversal yet. ⸻ 🔥 4. What does this mean in practice 🔻 Short-term (1-7 days): • Downward trend with a possible technical rebound in the area of ​​USD 104,000-101,000. • RSI close to oversold → possible pullback to USD 109,000–110,000. ⚖️ Medium term (2-4 weeks): • Until BTC returns above EMA 200 (approx. 115,000), the market remains in a correction/distribution phase. • If the price breaks 101,000 down, a possible decline to 96,900 or even USD 92,000 (previous macro support). ⸻ 📈 5. Scenarios ✅ Bullish (less likely now) • Maintaining above $104,000 • Breakout 109,000 → USD 112,000 → test 115,000 • Breakout of EMA 200 → trend reversal signal ❌ Bearish (more likely) • 104,000 raise → $101,000 test • If the support breaks, a decline to 96,900-97,000 is possible within a few days.