$BTC Chart Analysis: Navigating Short-Term Uncertainty
Price action: BTC is consolidating around the $89,500 level, finding support near the 25-hour EMA but facing resistance from the 99-hour EMA at $90,162.
Technical signals: The MACD shows weakening bearish momentum with a positive histogram (40.80), while the RSI (51-56) remains neutral, indicating a potential shift in momentum.
Capital flows: Recent hourly data shows a net inflow of $433K, but daily large-volume flows indicate slightly more passive buying, suggesting cautious accumulation.
Market sentiment: The Fear & Greed Index is at 22 (Fear), and ETF flows are mixed, suggesting broader market uncertainty despite a high ratio of long positions on margin.
BTC
90,551.68
-1.27%
