$BTC chart*, the RSI is just above neutral (55.96), indicating room for either direction. A push past the $116k resistance could open the way to $118‑$120k, while a dip below $115k would keep the short‑term trend down ⁴.
- A separate *4‑hour trendline analysis* warns that a decisive break of the ascending trendline could send BTC down to the major demand zone around *$84,600* ⁵.
- The *15‑minute view* is mildly bullish: price $89,817, RSI 61.6, with short‑term moving averages leaning upward, suggesting a brief rally could continue as long as it stays above ~$88,800 ⁶.
- *Elliott‑wave traders* (LiteFinance) see the current move as the tail end of a corrective wave, targeting *$80,842* on the downside ⁷.
- Finally, *tradeR4mula* notes the daily chart is still under the 88‑ and 255‑day MAs, keeping the broader trend bearish unless a daily close above $88,500 materializes ⁸.
*Bottom line*
Bitcoin is stuck in a tug‑of‑war between a short‑term bullish bounce (15‑min chart) and a longer‑term bearish correction (daily/weekly view). The critical zone to watch is *$88,300‑$90,400* – a break either way will likely dictate the next 5‑10 % move.
)
What do you think? Would you like me to drill down into any particular scenario (e.g., the $84.6k support, the $92.1k breakout, or the Elliott‑wave target), or explore specific indicators?
#USJobsData #CPIWatch #WriteToEarnUpgrade #BTCVSGOLD #BinanceBlockchainWeek
