$BTC URGENT UPDATE😱

🚨 $BTC 1hr Technical Analysis

📊 Moving Averages (MAs):

🔹 Short-term trend remains bearish with the price trading below key MAs.
🔹 However, the 200 MA indicates the long-term trend could stay intact if BTC holds above 94307.

📈 RSI (Relative Strength Index):

🔸 RSI(14) near oversold territory, signaling caution for short-term trades.
🔸 No strong buy signal yet—monitor for further dips.

📉 MACD (Moving Average Convergence Divergence):

🔻 Bearish crossover with negative momentum—confirms short-term downside pressure.

📊 Volume:

24h BTC Volume: 25,694.94
24h USDT Volume: $2.52B

🔹 Volume increase suggests active trading, but not enough to push above key resistance levels.

📍 Support & Resistance Levels:

Support: 95600 and 94307 (200MA)
Resistance: 97873 (7MA) and $99,588

📌 Market Sentiment:
Bitcoin remains in a corrective phase with bearish pressure in the short term. However, the 200-day MA is the key to sustaining the long-term bullish trend.

📑 Trading Strategy:

Short-term Traders:
If BTC breaks below 95600, prepare for a test of 94307. Watch for bounces to retest resistance at 97873.

Long-term Investors:
Consider accumulation near the 200 MA if bullish conviction remains.