The current candle is bullish but features an upper shadow, signaling market hesitation.
Rabia Salma
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$BTC Market Overview: The current candle is bullish but features an upper shadow, signaling market hesitation. The MACD remains negative at -95.65, though signs of a potential divergence are emerging. DIF stands at 291.54, still above the DEA at 387.19, but the indicators are moving closer, suggesting possible convergence. Volume remains weak, indicating that larger players (whales) are observing but not yet active.
Key Levels:
A decisive break above 97,000 could pave the way to 97,600–98,000.
Conversely, a drop below 96,400 may lead to a decline toward 95,300.
Trade Ideas:
Speculative short: Sell between 96,850–97,000, with a stop above 97,200.
Defensive long: Buy between 95,300–95,600, with a stop below 95,000.
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