📈
$BTC BTC/USDT Update: Bullish Bounce off Key Support 🚀
Bitcoin has taken a strong bounce after testing its descending trendline. As Gold stabilizes slightly from its ATH, liquidity has started to shift back into "Risk-On" assets (Crypto).
🔍 Technical breakdown:
Support Validation: Bitcoin has successfully held the psychological and technical support area of $88,500 - $90,000.
Trendline Touch: The price touched the lower ascending support line on the chart, and aggressive buyers have entered from there.
Bullish Divergence: Sellers appear to be tiring on lower timeframes (exhaustion), indicating a potential relief rally.
🎯 Potential Targets & Levels:
Target 1 ($92,000): This is the first minor resistance area where rejection was encountered last time.
Target 2 ($94,000 - $95,000): This is a major resistance zone. If the price consolidates here, we may see a new breakout.
Safety Zone (SL): Closing below $87,500 will invalidate the bullish setup.
💡 Market Sentiment Note:
Trump's softer stance on Greenland tariffs (easing fears) has restored confidence in the stock market and crypto market, giving Bitcoin upward momentum.
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