$BTC [30/05] BTC/USDT – Still not bottomed out?

Situation:

• BTC just broke through 106k, dropped to 104.6k and then slightly bounced back to ~105.7k

• RSI on all frames is low → strong oversold signal

• But the recovery volume is still weak, the downtrend has not been broken

Quick multi-timeframe analysis:

• 1H: RSI just exited oversold, there is technical recovery force but EMA is still sloping down

• 4H: RSI hit a deep bottom, possible bullish divergence → watch closely!

• 1D: The EMA25 area at 104.4 is holding → if broken, BTC may drop deeper

• 1W: The weekly candle has a slight tail but RSI is still high → no long-term bottom signal yet

⚖️ Summary:

🔸 104.600 could be a short-term bottom, but if broken → BTC may plummet to 102k or 99k

🔸 Should not long too soon, wait for confirmation of price breaking above 106.8k – 108.2k for more safety

🔸 Those who want to take risks can long lightly, SL below 104.4k – TP around 108k–110k

📌 Suggested strategy:

Risky long:

Entry 105.7–106.2, TP 108k–110k, SL 104.4k

Wait for breakout

Entry >108.2, TP 111k, SL 106k

Short if broken

Entry <104.6, TP 102k–99k, SL 106k

🎯 In summary: BTC is not dead yet, but also not alive. It’s still the “catching a falling knife” zone – those who are bold can enter, those who are sure should wait for confirmation. 🚧