Writing
👀 Update
BTC bounced from 57.8K and is now sitting around 59.4K–59.5K, up about 1.3% today. 📈$BTC
At first glance? Looks like recovery.
But zoom out… not so fast. ⚠️
Current structure:
❌ Still below MA25
❌ Still far below MA99
❌ Still nearly 12% below recent 67.3K high
So this feels more like a bounce than a confirmed reversal.
Interesting part? Timeframes are telling different stories 👇
🟢 15m MACD = bullish
🟢 1H MACD = strong momentum
🟢 4H MACD = starting to turn
But…
🔴 Daily MACD still deeply negative
Short term bulls are getting excited.
Long term? BTC still hasn’t confirmed a real trend reversal. 👀
Key question:
Bounce… or bull trap? ⚡
#BTC #Bitcoin #crypto 📊