đš BTC Market Update: Observing Current Pullback âĄ
$BTC tapped $94,150 and has since cooled off to around $92,000. This movement follows a strong impulse, indicating a clean rejection at previous highs. Observers are monitoring price action closely.
Key technical observations suggest:
âą No lower-low formed
âą No trend reversal detected
âą Price remains comfortably above the $90,100 â $90,500 demand zone.
This suggests the market might be clearing leverage rather than signaling significant weakness.
The Relative Strength Index (RSI) shows a reset, while the Moving Average Convergence Divergence (MACD) remains positive. This combination indicates underlying momentum may still be alive, with the market structure intact.
Market participants often analyze such corrections. A reclaim of the $92,800 to $93,500 range could serve as an ignition zone. Should this level break decisively, a retest of $94,100 might follow. đ
Information is for market updates, not investment advice.
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