BTC bounced from 85,000 to 95,000 in 3 hours, is this a good signal?

Points through candles:

Current price: 92,749.99 USDT.

24h volatility: +7.99% (+6,863.98 USDT)

Highest price in 24h: 95,000.00 USDT.

Lowest price in 24h: 85,050.00 USDT

MA(7): 95,716.29 USDT (7-day average)

MA(25): 98,721.08 USDT (25-day average).

MA(99): 81,805.43 USDT (99-day average)

BTC has recently undergone a strong correction down to 78,258.52 USDT, but has bounced back quite quickly.

BTC is very likely to return to the level of 86,000 or go deeper this week if:

- Large selling pressure: Investors take profits after the recent increase.

- 92,000 USDT: Currently being held, if lost could test deeper.

- 90,000 USDT: Important psychological level, may have buying pressure.

- 86,000 USDT: Strong support, if broken, BTC could drop to 82,000 - 78,000 USDT.

***Note: The market is always volatile and carries high risks. All content is for reference purposes and disclaims all responsibility.