$BTC 7Daily Technical Analysis

According to the EMAs in the image:

Nearest Supports

94,000 $ → currently being tested (important interim support)

88,193 $ → labeled on the chart, the next strong support

74,650 $ (EMA99) → major weekly support

Resistances

101,700 $

115,260 $

126,200 $ (last peak)

From the image:

EMA7 > EMA25 > EMA99 arrangement is still maintaining an upward trend structure.

However, the price has dipped below EMA25 → a signal of weakening in the trend.

Currently far from EMA99 (74k), but if the correction deepens, that area will become the target.

4. RSI Status

RSI(6): 26

RSI(12): 37

RSI(24): 46

→ Weekly RSI is seriously weak, short period RSI(6) has entered the oversold zone.

This generally means:

Either a technical reaction occurs,

Or the “bleeding” in oversold continues.

Negative Scenario (more likely at the moment):

Closing below 94,000 → drop towards 88,200 is very high probability.

If 88,200 is broken, the weekly EMA99 (74,600) comes into play → major bottom area.

Neutral / Reaction Scenario:

Holding above 94,000 → horizontal consolidation may begin.

If this happens, the first reaction target will be 101,700.

Positive Scenario (currently weak possibility):

If the weekly close is above 95,500+, the loss of momentum decreases and a relief rally begins.

BTC currently:

In weekly view, strongly sold

RSI close to oversold

MACD opening negatively

Has dipped below EMA25.