$BTC Could the price reach $90K $91k?
- Short-term EMA (24) is still above longer EMAs → the medium-term trend is still bullish. However, the price currently at 92,900 has crossed below EMA 24, only remaining above EMA 36 → indicating a short correction.
- BOLL Price has touched the Upper band → overbought condition. The current price is approaching the Lower band → may create support at ~93,100.
- VOL Volume is gradually decreasing during the upward phase → inflow is weakening, which can easily lead to a correction.
- MACD DIF has crossed below DEA, histogram has turned negative → bullish momentum is weak, indicating a trend reversal to bearish.
- RSI6 has dropped into the oversold zone, may create a short-term bottom.
👉 Medium-term trend (1–2 weeks): still bullish when short EMAs (24, 36) are above longer EMAs, price continues to create higher peaks.
👉 Short-term trend (1–2 days): has adjusted (bearish pullback): price has crossed EMA24, MACD & RSI indicate oversold in a smaller timeframe, Bollinger Lower band is currently providing support.
👉 If the price breaks below 92,700 with high volume, switch to a deep bearish scenario: wait to test 90,000.
👉 Buying strategy:
- Price level 92,800 – 92,900 USDT
- Take Profit
TP1: 93,000 (Fib 38.2%) <br/>
TP2: 93,523 (Fib 50%) <br/>
TP3: 93,717 (Fib 61.8%)
- Stop Loss 91,300 USDT (below the support zone 0%)
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