Price: 106469.56 | EMA7: 106610.86 | EMA25: 107018.69 | RSI14: 37.6 | Resistance: 108789.99 | Support: 106301.86 | Average Volume: 309.44 | Volume Trend: Decreasing
Based on the 1h technical analysis of BTCUSDT:
- The RSI14 (37.597) is below 50, indicating a bearish trend.
- The MACD (-280.9966) is negative, also indicating a bearish trend.
- Price (106469.56) is below EMA7 (106610.86) and EMA25 (107018.69), confirming the bearish trend.
**Short Entry:** Consider shorting around 106500, with a stop loss above 107000.
**Long Entry:** Wait for a breakout above 108800, with a stop loss below 106300.
**Spot Buy:** Consider buying around 105500, if the price drops to that level, with a stop loss below 104000.