#Bitcoin Bullish Momentum Slows: Key Indicators Point to Critical Levels

The latest 1-hour chart for $BTC reveals critical resistance at $88,978.57 and support around $87,694.53. Traders should pay close attention to these levels as they indicate potential trade opportunities.

With the 9 and 20 EMAs showing a short-term bullish sentiment, the market dynamics suggest that #BTC could either break above resistance or test lower support. The MACD indicates a shift in momentum, highlighting the importance of monitoring these indicators closely.

For those considering long positions, a confirmed break above $88,978.57 could lead to significant upside potential. Conversely, short traders may find favorable setups near this resistance level, with targets set around $87,694.53 or even $78,950.01 if bearish pressure increases.

As always, caution is advised, and appropriate stop-loss levels should be utilized to navigate potential volatility.