🐂$BTC Bullish – but with caution.
Here’s why BTC looks bullish short-term:
· Trend – Still holding above the 4H 50 EMA, and higher lows since the $92k retest.
· Volume – Green volume spikes on bounces, red volume shrinking on pullbacks → sellers getting tired.
· RSI – 4H RSI sitting around 55–60, room to run before overbought.
· Support & resistance – Held strong at $92k (key support), now challenging $98k. Break above $98.5k opens door to $102k.
🎯 Short upside target for spot traders: $102,000 – take partial profits there.
⚠️ Downside risk for futures if wrong: If BTC loses $92k, longs get squeezed toward $88k. Keep stop below $91.5k.
Outlook: Expect chop today, but bias higher unless $94k breaks. Watching $98.5k closely.
BTC
72,160.22
+1.67%