1. Short-term bullish trend:
The 7-period moving average (yellow line) has just crossed above the 25-period moving average (magenta line), a classic signal of positive momentum.
The price remains above both, reinforcing the pattern of 'higher lows' and 'higher highs'.
2. Increasing volume on rises:
The green volume bars increase when the price rises, indicating that the uptrend is supported by real demand.
In the last bullish candle, the green volume exceeds the previous red one, suggesting more buyers coming in.
3. Resistance and possible pullback:
The intraday high at 95,461 acts as immediate resistance. Watch if the price exceeds it with volume or, if not, if it pulls back to the MA(25) at ~94,800 to buy back.
4. Market sentiment:
The order book shows 70% demand vs. 30% supply, which supports the bullish continuation.
Strategy?
Breakout: If 95,630 is broken with volume, you could look for upward scalps.
Safe pullback: An entry on the pullback to the MA(25) (~94,800–95,000) with a stop just below the MA7.
In summary, BTC is 'on fire' in 15 minutes, with a clear impulse structure. We just need to see if the resistance gives way before a technical pullback.
