Updated Technical Analysis | Bitcoin BTCUSD ✅
Current Price Situation:
- Bitcoin is facing notable selling pressure at the recent peak, with a continued pullback towards testing the main upward trend line, which represents a critical dynamic barrier.
- The pivot level: 91,560 is considered a key point that may determine the fate of the short to medium-term trend.
Possible Scenarios:
1. In the event of breaking the support (91,560)
- The price may experience a broad technical decline, with potential targets at the mid-April price areas.
- This break warns of a potential change in the overall trend if the level is not quickly reclaimed.
2. In the event of holding above support:
- This strengthens the chances of resuming the upward trend, especially with indications of temporary overselling.
Critical Technical Indicators:
- Testing the upward trend line:
- This test is a decisive station; failure to hold the price may trigger **bearish reversal** signals.
- Trading volume:
- It is advised to monitor the volume during upcoming movements; high volume at the break enhances its credibility.
Influential External Factors:
- U.S. economic news:
- Upcoming data or statements (such as inflation reports or monetary policy decisions) may impact the intensity of fluctuations in the coming hours.
Conclusion: The current situation requires caution with cautious optimism, as the coming hours will determine the fate of the short-term trend.
