Trend Overview:
Bitcoin is maintaining a bullish structure on the short-term timeframe. Price action shows higher highs and higher lows, indicating sustained buying interest despite minor pullbacks.
Momentum:
Momentum remains positive. Short-term retracements appear corrective rather than trend-reversing, suggesting dip-buying behavior from market participants.
Key Levels:
Support: Buyers are defending recent pullback zones, which helps preserve the upward bias.
: A breakout above the recent local high would likely accelerate momentum and invite follow-through buying.
Outlook:
As long as $BTC holds above its short-term support, the bias remains bullish. A confirmed breakout could extend the move upward, while a loss of support would shift the outlook to neutral in the near term.
Note: The chart shown is illustrative and intended for conceptual understanding, not real-time pricing or financial advice.
