◼️ Overall Trend
🔹 Long-term bullish trend: Higher highs and higher lows from December to April.
🔹 Moving Averages:
> 🟡 MA(7) at ~95,954$ (Short-term momentum)
🔴 MA(25) at ~95,969$ (Dynamic Support/Resistance)
🟣 MA(99) at ~92,269$ (Strong Support)
◼️ Supports and Resistances
🔸 Major Supports:
> ▪️ $95,000–$95,200: Current candle low – Potential bounce point
▪️ ~92,200$: MA(99) – Strong support wall
▪️ $89,000–$90,000: Previous lows and psychological pivot
🔸 Major Resistances:
> ▪️ $97,800: April 30th peak – First barrier to break
▪️ $100,000: Important psychological level
▪️ $102,500–$103,000: April's highest peak
◼️ Momentum and Volume
✅ Trading volume gradually decreasing during the correction → Healthy correction
✅ RSI at ~45 (Neutral) → Room for upward movement before saturation
⚠️ MACD below zero → Needs a bullish crossover to confirm the reversal
◼️ Expected Scenarios
🔺 Bullish:
> ▪️ Bounce from $95,000–$95,200
▪️ Breaking $97,800 with strong volume → Targets $100,000 then $103,000
🔻 Bearish:
> ▪️ Breaking $95,000 and closing below for 4 hours
▪️ Testing MA(99) at $92,200 then $89,000
◼️ Risk Management Recommendations
❗ Stop loss: Below $95,000 (e.g. $94,500–$94,700)
❗ Position size: Moderate to mitigate 4-hour volatility
❗ Monitor volume during breakouts to ensure their strength
> 🔑 Summary:
If the price stays above $95,000 and MA(25) remains supportive, the correction is healthy
It is likely to rise towards $100,000.
Breaking $95,000 may open the door to test $92,200.
