$BTC is trading around the mid-$90K zone, holding firm after a period of sharp volatility earlier this week. The market is currently showing compressed price action, indicating that a larger move may be developing soon.
๐ Key Technical Highlights
โข Trend: BTC remains in a macro uptrend, supported by higher lows on the daily chart.
โข Support Levels:
$92,500 โ $94,000: Strong immediate support
$89,000: Critical support for bulls
โข Resistance Levels:
$98,000: First major resistance
$100,000: Psychological hurdle and liquidity zone
๐ Momentum & Indicators
RSI: Neutral zone โ neither overheated nor oversold.
MACD: Showing early signs of bullish curvature, but confirmation needed.
Volume: Decreasing, suggesting a breakout setup is forming.
๐ Market Sentiment
Mixed but leaning positive. Bitcoin ETFs continue to see modest inflows, and long-term holders remain strong. Traders are waiting for a breakout toward $100K, but caution is visible near major resistance.#TrumpTariffs #IPOWave #BTC90kBreakingPoint #USJobsData #BTCVolatility
๐ Key Technical Highlights
โข Trend: BTC remains in a macro uptrend, supported by higher lows on the daily chart.
โข Support Levels:
$92,500 โ $94,000: Strong immediate support
$89,000: Critical support for bulls
โข Resistance Levels:
$98,000: First major resistance
$100,000: Psychological hurdle and liquidity zone
๐ Momentum & Indicators
RSI: Neutral zone โ neither overheated nor oversold.
MACD: Showing early signs of bullish curvature, but confirmation needed.
Volume: Decreasing, suggesting a breakout setup is forming.
๐ Market Sentiment
Mixed but leaning positive. Bitcoin ETFs continue to see modest inflows, and long-term holders remain strong. Traders are waiting for a breakout toward $100K, but caution is visible near major resistance.#TrumpTariffs #IPOWave #BTC90kBreakingPoint #USJobsData #BTCVolatility
