$BTC is 1.5% under its weekly high, and the market mood just jumped. Fear & Greed went from 65 to 70 (Greed) in a day.
Price is 85,931. The 7-day high is 87,220, so the 87K zone is the line everyone is watching. BTC is up 1.2% in 24 hours and 3.6% over 7 days.
Here is what keeps me careful: volume. About 977M USDT traded in 24 hours, only 0.69x the 7-day average. Sentiment rose faster than participation. The crowd feels more confident, but fewer coins are changing hands than on a normal day of this week.
Hourly RSI is 55.7, so momentum leans up without being stretched.
My view: constructive, not convinced. A rejection near 87K on thin volume would not surprise me. A break above 87,220 with volume back above its 7-day average would.
The level on the other side: 82,563, the weekly low. Above that, the bigger picture this week is still a slow climb.
What I am watching: volume first, then 87,220.
#BitcoinRejectedAt$87K #FearAndGreed
Price is 85,931. The 7-day high is 87,220, so the 87K zone is the line everyone is watching. BTC is up 1.2% in 24 hours and 3.6% over 7 days.
Here is what keeps me careful: volume. About 977M USDT traded in 24 hours, only 0.69x the 7-day average. Sentiment rose faster than participation. The crowd feels more confident, but fewer coins are changing hands than on a normal day of this week.
Hourly RSI is 55.7, so momentum leans up without being stretched.
My view: constructive, not convinced. A rejection near 87K on thin volume would not surprise me. A break above 87,220 with volume back above its 7-day average would.
The level on the other side: 82,563, the weekly low. Above that, the bigger picture this week is still a slow climb.
What I am watching: volume first, then 87,220.
#BitcoinRejectedAt$87K #FearAndGreed
