✅ Bullish Arguments:

1. Price Above Recent Low Support

· Current price: $87,421.26

· 24h Low: $85,146.64

→ Price has bounced from the low and is trading above support, showing resilience.

2. Uptrend Structure Still Intact (Higher Lows)

· The chart shows a series of higher lows from the left to the peak around $95k, followed by a pullback.

· The current pullback could be a healthy correction before another leg up.

3. EMA(50) Still Above Price (Potential Support)

· EMA(50): $89,424.75

· Price is currently below it, but if price reclaims EMA(50), it could signal renewed bullish momentum.

4. RSI Not Overbought

· RSI(6): 47.93 (neutral)

→ Room for upward movement before becoming overbought.

5. Volume Support

· 24h Vol(USDT): 1.91B — substantial volume indicates active interest.

· If volume increases on upward moves, it confirms bullish conviction.

6. Psychological and Round-Number Support

· Price is holding above $85k, a strong psychological level.

· A break above $89k** (EMA) could trigger momentum toward **$90k+.

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📈 Bullish Scenario (If You’re Looking for Entry/Confirmation):

· Break above EMA(50) ~$89,424 → bullish signal.

· Hold above $86,750 (recent pullback low on chart) → maintains structure.

· Targets: $90,000 → $92,500 → $94,500 (previous highs).

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