🛑 Professional Technical Analysis – BTC (Daily Timeframe | 1D) ✅
🔍 Overall Market Overview
• Current Price: $87,373.95
• Overall Trend: Medium-term bearish / bearish consolidation
• Current Bias: Neutral ⚠️ (slightly bearish)
Price is trading below all major moving averages (SMA & EMA), indicating that sellers remain in control, although the trend strength is weaker compared to ETH.
📉 Technical Indicators Analysis
1️⃣ Moving Averages (Market Direction)
• SMA20 / EMA20 (~$89,800):
➜ Very near-term dynamic resistance
• SMA50 / EMA50 (~$94,500):
➜ Strong resistance – price previously failed to break above
• SMA100 & SMA200 ($100k – $108k):
➜ Confirm the market is in a deep correction rather than an active uptrend
📌 Clear bearish alignment → any current upside move is corrective.
2️⃣ Momentum (Momentum & Oscillators)
➜ Below 50 = negative momentum
➜ Far from extreme oversold → further downside room exists
➜ Relative oversold conditions
➜ A short-term technical bounce is possible
➜ Strong selling pressure during recent sessions
➜ Momentum deeply below zero → sellers in control
3️⃣ Trend Strength
➜ Trend exists but is not very strong
➜ Explains the current Neutral bias
➜ Market structure leans toward slow decline / bearish consolidation
4️⃣ Oversold Measurement
• Price is near oversold levels
• ⚠️ Weak rebound possible, but no confirmed reversal signal
🧱 Support & Resistance Levels
🟢 Support Levels
1️⃣ $86,000 – $85,500
• Short-term support
• A daily close below = clear bearish continuation
2️⃣ $82,000 – $83,000
• Strong technical support (potential demand zone)
3️⃣ $78,000
• Bearish target if selling accelerates
🔴 Resistance Levels
1️⃣ $89,500 – $90,000 ❗
• First resistance + EMA20
• Failure to break = selling opportunity
2️⃣ $94,500
• Key resistance (EMA50 / SMA50)
3️⃣ $100,000
• Psychological resistance + structural trend shift
🎯 Expected Scenarios
✅ Primary Scenario (60%)
• Bearish consolidation below 90k
• Breakdown of 86k
• Targets:
➜ 83k
➜ Then 78k
📌 Selling rallies remains the preferred strategy.
⚠️ Alternative Scenario (40%)
• Technical rebound
• Upside move toward:
➜ 89.5k – 90k
• Failure to achieve a daily close above
• Then bearish continuation
📌 This is not a bullish reversal, but a corrective move.
🧠 Final Conclusion
• BTC shows weaker momentum than ETH, but no trend reversal
• Trend: Bearish / bearish consolidation
• Price below moving averages = sustained selling pressure
• Any current upside move = better selling opportunity
#BinanceBlockchainWeek #WriteToEarnUpgrade
