Bitcoin Market Update: Key Levels to Watch as Momentum Turns Neutral | #BTC

Bitcoin ($BTC ) is currently trading around $89,430, showing mild weakness after hitting a 24-hour high of $90,257. The price action remains neutral in the short term, with buyers and sellers both struggling to take clear control.

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📊 Technical Overview

BTC is hovering near important technical indicators, including the MA(7) and MA(25), indicating a zone of indecision. The KDJ signals are mixed, suggesting consolidation before a stronger move.

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🎯 Entry & Targets

🔹 Entry Zone:

➡️ $89,400 – $89,600

🎯 Profit Targets:

TP1: $88,850

TP2: $88,300

TP3: $87,800

🛑 Stop-Loss:

➡️ $90,300

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📉 Why This Setup?

BTC is trading close to short-term moving averages, indicating potential pullback pressure.

Momentum oscillators are neutral, not favoring either bulls or bears.

The area around $88,850 remains a critical support zone — a bounce from here could trigger upside, while a breakdown may expose deeper moves toward the lower targets.

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📌 Final Thoughts

Bitcoin’s range-bound behavior suggests a period of market caution. Traders should closely monitor the $88,850 support, as it will determine whether BTC finds strength for a rebound or continues its downward correction.

Stay alert, manage risk, and avoid over-leveraging during sideways markets.

#BTC | Binance Market Update