$BTC The downward trend persists as oscillators diverge on signals
Momentum indicators offer contradictory signals. The MACD on the daily chart suggests strong selling activity, and the ADX indicates a dominant downward trend. At the same time, the RSI and Stoch RSI highlight slight selling pressure and overbought conditions, while the ICC remains moderately bullish. The bullish strength is classified as overbought, reflecting the dominance of buyers. No significant opening gap has been observed today, and prices are situated in the lower half of the daily range, signaling moderate intraday volatility with continued light selling after the open. The oscillators present contradictory signals and reveal a divergence between recent short-term buying and the underlying downward momentum.
The downside risk is high as the chances of a breakout remain low
Over the next five trading days, Bitcoin is expected to consolidate within a typical volatility band ranging between $89,000 and $96,000. The probability of an upward move is very low - less than 20% - and further declines are more likely. The base scenario anticipates lateral movement within this corridor. If buyers push the price above $94,050, a breakout towards $96,000 is possible, while sustained weakness below $92,000 could push the price down to the support zone of $89,000.
