📊 Summary of current situation

Current price: approximately 93,631

Medium-term trend: Decline after making higher highs → attempting to bounce back based on support

Long-term trend: Overall upward direction (uptrend) is still intact

Market condition: The downtrend has halted, and the market has entered a sideways + recovery phase.

👉 This phase is crucial to determine whether this is the beginning of a trend reversal or just a temporary bounce.

📉 Moving Average (MA) Structure

MA7 / MA25: Attempting to align upwards in the short term

MA99: Still positioned above the price and acting as medium-term resistance

That is:

Short-term: Bounce structure due to buying pressure

Medium term: No change in the full uptrend yet

👉 The breakout of MA99 (approximately 96K–98K) will be significant.

📐 Bollinger Bands Perspective

In the previous decline, the price broke the lower band strongly → a bounce followed

Currently, the price is recovering from the middle band towards the upper band

Band width is increasing again → indicates rising volatility

👉 The possibility of upward testing in the short term is open.

📉 RSI Analysis

RSI has risen above 50 again

Overbought condition is not present, but momentum is in favor of buyers

The RSI's lower level is higher compared to the previous lows → positive signal

👉 The short-term trend is shifting upwards from neutral after a decline.

🔑 Key support / resistance levels

🟢 Support Zone

92,000 ~ 92,500

First defense area in a short-term correction

90,000 ~ 90,500

If this level breaks, the possibility of a bounce may weaken

🔴 Resistance Zone

95,000 ~ 96,000

MA99 + previous rebound high

100,000

Psychologically and technically strong resistance

🧠 Strategy Summary

✅ Conservative Long Strategy

Phased entry after confirming support in the 92K area

Target: 95K → 98K

Stop Loss: Break below 90K

⚠️ Aggressive Long Strategy

If the price breaks and holds above 95–96K

Target: Retest of 100K

Quick response necessary if the break fails

❌ Buying by chasing at the current price

Risk/reward ratio is not favorable

Higher probability of loss on entry without correction

🔚 Brief Conclusion

On the daily chart, Bitcoin has halted the decline and entered a recovery phase, but has not yet fully crossed the medium-term downtrend.

📌 Investment Risk Warning

This analysis is presented for informational purposes only and does not constitute any form of investment advice. The cryptocurrency market is highly volatile and carries the risk of losses. All investment decisions are based on the investor's own responsibility.