🚨 Bitcoin Update: After a slight decline in the last 24 hours, BTC is trading around $85,282.42. While the MACD shows bullish momentum, the RSI hints at short-term overbought conditions.

Key factors influencing the market include:

1. Technicals: The bullish #MACD $BTC

BTC

88,113.19

-0.18%

points to potential upward movement, but the RSI may caution against immediate buys.

2. Macro Factors: The recent Bank of Japan rate hike tightens liquidity, adding a layer of risk to the market outlook.

3. Market Dynamics: Strong #ETF inflows are promising, yet a significant underwater supply leads to uncertainty.

Stay informed and trade wisely! 📈💼 #bitcoin #CryptoMarket