$BTC Bitcoin (BTCUSD) Market Analysis – Short Bias
Currently, Bitcoin is trading around $94,947, up +1.00% on the day. However, despite this positive percentage move, the market structure and macroeconomic factors suggest exhaustion.
Technical Signs:
On the 15-minute chart, BTC is forming lower highs and showing weak bullish follow-through.
The RSI is trending down and sitting below 50, signaling bearish momentum and fading strength.
The Parabolic SAR has flipped to the downside, reinforcing that sellers are gaining control.
Price is also failing to hold above the Ichimoku cloud, a further sign of weakness.
The Coppock Curve has dipped into the negative zone, indicating a possible long-term correction phase starting.
Fundamental Risks:
Tariffs and trade war tensions (especially between major economies) are adding uncertainty to global markets. Bitcoin, while seen by some as a hedge, often reacts to liquidity concerns by selling off.
Global macro stress: With high tariffs, protectionist policies, and slowing trade, there's less risk appetite for speculative assets like Bitcoin.
Many investors might be locking in profits after this strong rally, adding selling pressure.
Despite Bitcoin’s gains, the broader risk environment favors capital preservation, not aggressive risk-taking