🚨 Bitcoin Alert! The price of $BTC /USDT shows a strong bounce, but caution is key as we approach critical zones.
💰 Price Snapshot
Current Price: $92,870.66.
24h Range: High volatility with a floor at $89,260.63 and a ceiling at $93,555.00.
The price has managed to hold above the exponential moving averages (20 EMA at $91,300.20 and 50 EMA at $91,008.92), which is a positive signal for short-term bullish continuation.
💡 Momentum and Risk (Indicators)
RSI (6): With a reading of 66.76, the market has strong buying momentum but is approaching overbought territory. This means that the bulls are in control, but the risk of a technical correction is looming.
MACD: Despite the recent momentum, the MACD is still showing a negative value. This reminds us that the previous bearish bias has not been fully neutralized yet.
🔥 What to Watch Now?
Key Support: The EMA level ($91,000 - $91,300) must act as strong support. A fall below this range could negate the current momentum.
Key Resistance: The immediate target for buyers is to surpass the 24h high ($93,555.00) and, more importantly, the barrier of $94,588.99.
