🚨 BTC/USDT Market Update 🚨

$BTC

📊 Current Price: $93,934 (-1.18%)

BTC is showing signs of recovery, with price breaking above critical short-term EMAs. Here’s what you need to know:

Key Insights:

1️⃣ Bullish Momentum:

• Price has moved above EMA(7) at $93,351 and EMA(21) at $93,195, signaling short-term bullish momentum.

• Next critical resistance lies at $94,150 (EMA 99). A breakout here could push BTC toward $95,000.

2️⃣ Indicators:

• RSI: 60.38, showing strong upward momentum but nearing overbought levels.

• Stochastic RSI: Overbought at 100, suggesting a possible short-term pullback.

• MACD: Positive momentum confirmed, with increasing bullish pressure.

3️⃣ Key Levels:

• Support: $93,351 | $93,000 | $91,800

• Resistance: $94,150 | $94,500 | $95,000

Potential Scenarios:

✅ Bullish Continuation:

• Break above $94,150 could target $94,500-$95,000.

• Consider long positions above $94,150 with a stop-loss below $93,000.

⚠️ Pullback:

• Rejection at $94,150 or failure to hold $93,351 may lead to a drop to $93,000 or $91,800.

• Watch for bearish signals to consider short positions.

🔍 Market Sentiment: Cautiously bullish but overbought on lower timeframes. Monitor volume and key levels for confirmation.

📅 Next Update: Stay tuned for more insights. Let