#Bitcoin is currently showing a strong recovery on the Daily (1D) timeframe, but we are approaching a critical "make or break" zone. Here is the breakdown:
📊 Technical Insights:
The EMA Barrier: BTC is currently fighting to stay above the EMA(100) ($95,949). This is the immediate hurdle. A daily close above this could trigger a push toward the EMA(200) near $99,434.
RSI Momentum: The RSI(14) is sitting at 62.7, suggesting there is still some room for upward movement before hitting "overbought" territory, but the momentum is slowing down.
MACD Check: We are seeing a bullish crossover on the MACD (DIF > DEA), which supports the recent price recovery from the $80,600 bottom.
Volume: Trading volume remains steady, but we need a significant spike to break through the overhead resistance firmly.
💡 The Strategy:
We are seeing a classic relief rally. While the trend looks healthy in the short term, caution is advised as we approach the psychological $100k resistance zone.
Bull Case: Solidify support at $95k and target $98.3k - $100k.
Bear Case: Rejection at the EMA(100) could lead to a retest of the $88k support level.
Trade smart and keep your stop-losses
tight! 🛡️
