#BTC Update

BTC showed a nice reaction from the $95.8k support level. A rise to $98k is possible, where a strong resistance awaits. This would mark the third touch of that level.

The RSI indicator (yellow arrow) confirms the rebound, but this alone is not sufficient even the probability are high.

We have to take into consideration that there are two reasons why we cannot confirm the move yet:

1. The MACD (yellow circle) has not crossed.

2. Volume (blue circle) remains very low.

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Disclaimer: This is not financial advice—these are my personal opinions based on chart and indicator analysis. Always DYOR (Do Your Own Research).