BTC shows a strong reversal, but the upward momentum is currently weakening. As the price reaches 94K, the 1-hour RSI has entered the overbought zone and has formed a top divergence (a signal for a pullback).

At this moment, it cannot be considered a reversal; it can only be seen as a rebound. If it firmly stands above 94K and breaks through 96K, only then can the trend be considered reversed, potentially reaching around 100K.

Support levels are 90.5K and 87K, while resistance levels are 94K and 96K $BTC $ETH

ETH
ETHUSDT
3,394.19
+8.85%

$BTC

BTC
BTCUSDT
94,544.8
+5.13%