$BTC Bitcoin is gradually gaining momentum from its weekly low near $80,000 to trade above $82,000. 🎉🎉🎉
🥁On one hand, the sudden correction frightened investors, triggering a string of losses. On the other, this may be a healthy pullback, encouraging traders to increase their risk exposure after overleveraged long positions were liquidated.
Bitcoin continues to maintain a short-term bullish bias, as the price holds above the short-, medium-, and long-term Exponential Moving Averages (EMAs), reinforcing a broadly more constructive structure.
📈Momentum appears more cautious, with the Relative Strength Index (RSI) near the neutral 50 line and the Moving Average Convergence Divergence (MACD) below zero, suggesting that the upside could be vulnerable to a pullback despite the supportive trend backdrop.
✴️Initial support lies around $79,768–$79,664, where the 50-day EMA aligns with the SuperTrend level. A deeper correction would expose the clustered medium-term floors at the 100-day EMA near $75,964 and the 200-day EMA at $75,251.
🔥To the upside, the absence of nearby resistance levels plotted on the daily chart suggests Bitcoin’s recovery could face challenges at key psychological areas, including $84,000 and $88,000, respectively.
#SolanaPlansToCutBlockTimesTo200ms #SenBlumenthalProbesCantorFitzgeraldTetherTies
$GOAT $FARM
🥁On one hand, the sudden correction frightened investors, triggering a string of losses. On the other, this may be a healthy pullback, encouraging traders to increase their risk exposure after overleveraged long positions were liquidated.
Bitcoin continues to maintain a short-term bullish bias, as the price holds above the short-, medium-, and long-term Exponential Moving Averages (EMAs), reinforcing a broadly more constructive structure.
📈Momentum appears more cautious, with the Relative Strength Index (RSI) near the neutral 50 line and the Moving Average Convergence Divergence (MACD) below zero, suggesting that the upside could be vulnerable to a pullback despite the supportive trend backdrop.
✴️Initial support lies around $79,768–$79,664, where the 50-day EMA aligns with the SuperTrend level. A deeper correction would expose the clustered medium-term floors at the 100-day EMA near $75,964 and the 200-day EMA at $75,251.
🔥To the upside, the absence of nearby resistance levels plotted on the daily chart suggests Bitcoin’s recovery could face challenges at key psychological areas, including $84,000 and $88,000, respectively.
#SolanaPlansToCutBlockTimesTo200ms #SenBlumenthalProbesCantorFitzgeraldTetherTies
$GOAT $FARM