Educational Analysis
Bitcoin is trading below a key intraday pivot at 94,430, which is currently acting as a resistance zone on the 30-minute timeframe. As long as price remains below this level, short-term downside pressure remains dominant.
Momentum indicators support this view. RSI is holding below the 50 level, showing weak buying strength, while MACD remains below its signal line, indicating bearish momentum.
The recent price structure also suggests a loss of upside strength after failing to sustain higher levels.
If bearish pressure continues, price may gravitate toward the 91,680 support zone. A deeper move could extend toward 90,880, where buyers may attempt to react.
On the upside, a sustained break and hold above 94,430 would weaken the bearish scenario and open the door for a corrective move toward higher resistance levels.
This outlook focuses on intraday structure and momentum, not long-term direction.
Key Levels
Resistance: 94,430 → 95,770 → 96,570
Support: 91,680 → 90,880 → 90,080
Bias
Bearish while price stays below 94,430 on an intraday closing basis.
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Disclaimer
This analysis is shared for educational purposes only. It does not constitute financial advice. Always manage risk according to your own trading plan and capital.
