#CPIWatch 🔍📊 *BTC Technical Analysis – Binance Square* 📊🔍
👉 *Current Setup:*
Bitcoin (BTC) is trading at $89,619.87, showing a -3.00% change today. The price is testing a support zone around $89,000, with the 20‑day EMA acting as resistance near $92,000.
📈 *What to Watch:*
1. *Breakout:* A move above $92,000 could target $96,450 and then $100,000.
2. *Breakdown:* If BTC slips below $89,000, expect a test of $87,000 support.
🛠️ *Indicators:*
- *RSI (14)* is at 44.94, indicating neutral momentum.
- *MACD* shows a bearish crossover, suggesting caution on longs.
- *50‑day SMA* is at $97,520, acting as overhead resistance.
💡 *Trading Idea:*
- *Long entry* on a confirmed break & close above $92,000 with stop at $89,500.
- *Short entry* if $89,000 breaks, target $87,000, stop at $90,000.
⚠️ *Market Context:*
- December 2025 options expiry may cause volatility, with key levels at $100,000–$118,000.
- Sentiment is *bearish* with an "Extreme Fear" score of 21 on the Fear & Greed Index.
- Institutional activity and ETF flows are influencing price stability.
🔗 *Action Tip:* Use Binance’s chart tools to add EMA(20), Fibonacci retracements, and monitor volume spikes for confirmation.
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