Bitcoin BTCUSD
⭕️ Fundamental Summary
Bitcoin is undergoing a repricing phase after recent U.S. data failed to push the Fed toward accelerating interest rate cuts, keeping risk appetite limited in the short term. Conversely, medium- to long-term supportive signals are increasing, most notably the entry of major institutions, declining exchange balances, and growing discussions about breaking the traditional four-year cycle. Current pressures are primarily due to liquidity and leverage, not a fundamental market flaw.
⭕️ Technical Analysis
Selling pressure is attempting to push prices below the 87,700–88,900 zone, which represents a key support level, and there are rebounds and tests from it while the price remains below the major moving averages. The RSI indicator was in a clear oversold condition and then began to recover, supporting the scenario of forming a temporary bottom instead of continuing a sharp decline.
⭕️ Likely Scenario
As long as the price maintains trading above the 87,000–85,500 range, the closest scenario remains a consolidative fluctuation with a positive tilt, paving the way for a new attempt to test the 92,700 areas then 94,500$BTC
