👀 $BTC Morning market update: the market is frozen in anticipation
The trend remains upward, but there’s barely any movement — down 0.11% for the day. BTC dominance at 59.56% suggests capital is currently parked in Bitcoin, with little buying interest in altcoins. An RSI of 35.7 points to oversold territory, but a reversal needs confirmation.
• Price is below the SMA20 ($83,931) — short-term momentum has weakened
• Support: $82,635; if it breaks, the next downside target is $81,748
• Resistance: a close above $82,940 opens the way to $83,158
The buy scenario is valid either on a high-volume bounce from the $82,635 support level or on a sustained move above $82,940. While the price is drifting between these levels, there’s no need to rush — the market is sluggish.
In this choppy phase, it’s better to reduce position size and place your stop clearly beyond a level, not inside the range.
#BTC #крипта #trading
Not financial advice.
The trend remains upward, but there’s barely any movement — down 0.11% for the day. BTC dominance at 59.56% suggests capital is currently parked in Bitcoin, with little buying interest in altcoins. An RSI of 35.7 points to oversold territory, but a reversal needs confirmation.
• Price is below the SMA20 ($83,931) — short-term momentum has weakened
• Support: $82,635; if it breaks, the next downside target is $81,748
• Resistance: a close above $82,940 opens the way to $83,158
The buy scenario is valid either on a high-volume bounce from the $82,635 support level or on a sustained move above $82,940. While the price is drifting between these levels, there’s no need to rush — the market is sluggish.
In this choppy phase, it’s better to reduce position size and place your stop clearly beyond a level, not inside the range.
#BTC #крипта #trading
Not financial advice.