Note: I try my best to make it easy to understand. Hope you like it.
The $BTC price chart is showing interesting movement. The current price is approaching the $98,000 level, which is a sign of bullish momentum. The moving averages, particularly the 7-day, 25-day, and 99-day, are important to observe. The price is trading above the short-term averages, suggesting that the market sentiment is turning positive.
The support levels near $91,600 and $90,800 are acting as strong zones where buyers have been active. These levels helped the price recover when it dropped. The resistance levels are around $99,100 and $103,600, and breaking these levels will be crucial for the next upward move.
The volume bars at the bottom show moderate trading activity, which is not extreme but steady. If volume increases while the price breaks resistance, it will confirm a strong bullish trend. On the other hand, if the price fails to move higher, it could test the support levels again.
Overall, the short-term trend looks positive, but you should watch the key resistance and support levels for confirmation of the next move.