1. Immediate Support and Resistance
$BTC Support Levels:
$94,015.50
$87,453.45
Resistance Levels:
$97,776.69 (strong resistance)
$100,000
2. RSI (Relative Strength Index)
RSI is currently around 40, indicating bearish momentum.
It has not yet entered the oversold zone (below 30), meaning selling pressure is moderate.
3. MACD (Moving Average Convergence Divergence)
The MACD lines are converging but no bullish crossover has occurred yet.
This suggests the trend is neutral, and market direction remains unclear.
4. Volume Analysis
Low trading volume indicates weak price movements.
Without high volume, the chances of a major breakout or breakdown are low.
Fundamental Update
1. Bitcoin ETF Approval:
Expectations around ETF approval could lead to short-term volatility.
2. US Federal Reserve Policies:
Interest rate changes are having a direct impact on the crypto markets.
3. Liquidity Crunch:
A liquidity shortage in the market is slowing BTC’s recovery.
Please consider these price levels and indicators while making trading decisions. Sudden fundamental changes can shift market sentiment. Not a Financial Advice and please Do Your Own Research