BTC is showing some interesting signs on the daily chart. Is Momentum Starting to Shift?
Momentum is improving, but there are still a few things I want to see before calling a confirmed breakout.
🔹 Price: $64,980
BTC is trading above both the 7-day MA ($64,298) and 25-day MA ($64,450) — a positive short-term development.
🔹 MACD turning bullish
DIF is at 125.88, above DEA at 52.39, with the histogram positive. This suggests bullish momentum is building.
🔹 RSI: 54.7
Momentum is leaning bullish, but RSI is still comfortably below overbought territory. There may still be room to move higher.
🔹 Supertrend: $61,032
The Supertrend remains below price, keeping the broader trend structure bullish for now.
🔹 Volume is the question
Volume isn't showing a major expansion yet. I'd like to see stronger buying volume if BTC is going to convincingly break higher.
Levels I'm watching:
Resistance: $65,390 → $66,956
Support: $64,450 → $62,700 → $61,032
My take:
The chart is becoming more bullish, but I'm not chasing the move yet. A clean break above resistance with strong volume would give me much more confidence.
Sometimes the best trade is simply waiting for confirmation. 📈
Not financial advice. Just my chart analysis.
What are you watching — breakout or rejection?
Momentum is improving, but there are still a few things I want to see before calling a confirmed breakout.
🔹 Price: $64,980
BTC is trading above both the 7-day MA ($64,298) and 25-day MA ($64,450) — a positive short-term development.
🔹 MACD turning bullish
DIF is at 125.88, above DEA at 52.39, with the histogram positive. This suggests bullish momentum is building.
🔹 RSI: 54.7
Momentum is leaning bullish, but RSI is still comfortably below overbought territory. There may still be room to move higher.
🔹 Supertrend: $61,032
The Supertrend remains below price, keeping the broader trend structure bullish for now.
🔹 Volume is the question
Volume isn't showing a major expansion yet. I'd like to see stronger buying volume if BTC is going to convincingly break higher.
Levels I'm watching:
Resistance: $65,390 → $66,956
Support: $64,450 → $62,700 → $61,032
My take:
The chart is becoming more bullish, but I'm not chasing the move yet. A clean break above resistance with strong volume would give me much more confidence.
Sometimes the best trade is simply waiting for confirmation. 📈
Not financial advice. Just my chart analysis.
What are you watching — breakout or rejection?