$BTC / USDT
Current Structure Overview
Trend Structure
$BITCOIN is currently trading below the 99 EMA on the higher timeframe, which indicates that the overall market structure still leans slightly bearish. However, the shorter EMAs such as 7 and 25 are starting to curl upward, suggesting short term recovery momentum. This shows that buyers are attempting to regain control, but the larger trend has not fully shifted yet.
#EMA Position
Price needs to reclaim and hold above the 99 EMA for a confirmed trend reversal. Until that happens, any upside move should be treated as a recovery rally inside a broader corrective structure.
#RSI Analysis
RSI is trading near 60. This indicates bullish momentum is building, but the market is not yet in overbought territory. There is still room for upward movement before exhaustion appears.
#Volume Insight
Volume remains moderate. There is no strong expansion in buying pressure yet, which means breakout confirmation is still pending. A strong volume spike above resistance would strengthen the bullish case.
Key Levels
Major Support Zone: 65,000 to 66,000
Major Resistance Zone: 70,000 to 72,000
Trade Plan
Entry above 68,500 on confirmed breakout and strong candle close
Stop Loss at 66,400
Take Profit 1 at 70,000
Take Profit 2 at 72,000
Professional Conclusion
Bias remains cautiously bullish in the short term but neutral to slightly bearish in the higher timeframe. Best approach is breakout confirmation with volume. Avoid early entries inside range.
