🔥 $BTC Latest Market Overview: Are Bulls Starting to Fight Back?
According to the current candlestick chart, the price of Bitcoin is around 90,140 USDT, having just made a strong rebound from the intraday low of 87,719 USDT, with short-term sentiment clearly improving.
📊 Technical Highlights
• The candlestick has reestablished itself above the short-term moving averages MA(5) and MA(7), restoring upward momentum in the short term.
• Key resistance level above: 91,760 USDT; breaking this level may open up a new wave of upward movement.
• Strong support zone below: 89,300–88,400 USDT, which is the primary defensive zone for the current market.
• The OBV indicator has stopped declining and is recovering, indicating weakening selling pressure and signs of funds flowing back in.
🚀 Overall View
BTC is currently in the “technical recovery after a rapid decline” phase; as long as it holds above 89k and breaks through the 91k pressure, the probability of a continued short-term upward move will significantly increase.
📈🔥 What do you think about the next trend for $BTC ?
