In the last 3 hours to close the daily candle, the #BTC has recovered above $91.3K which was the ideal level for today...there are still a few hours left, but it seems that the Bulls will make a very good close here!

$BTC

Once again, an unsuccessful attempt to break through the red zone on the chart around $93K, which continues to act as a fierce resistance.

Despite reaching $94,200K yesterday, we were unable to hold prices above the red zone and make a good daily close.

The Bulls today continue with the same objective as before (to maintain $90K as support). Losing here would put us back at the lowest point of the decline, which is not a good idea.

So, a daily close above $90K is already something good for today, but it would be even better if we could achieve something around $91.3K, as it would position us above the EMAS 50/100 (4H) AGAIN.

Despite Bitcoin being down -2% at the moment, it does not seem like a real downward movement, and it looks much more like the opposite... and we could reach $94K again by the weekly close.

Powell did not bring any clarity about the next move, but nobody really expected him to, right?!

Keep it simple here:
We need to reclaim the $92K region and form strong support at that level to target $98K, which is the crucial level.