$BTC Current market Technical Analysis Update📈📉

Bitcoin (BTC) is trading at approximately $96,757, reflecting a 2.7% increase over the past 24 hours.

Technically, BTC recently broke out from a descending channel and pennant pattern, signaling bullish momentum. However, the Relative Strength Index (RSI) suggests strong price action, and lower trading volume raises caution. 

Key resistance levels lie at $100,000 and $107,000, while support levels to watch during pullbacks are $92,000 and $85,000.

On the macroeconomic front, the U.S. Federal Reserve’s recent decision to maintain interest rates has influenced market sentiment. Traders are closely monitoring Fed Chair Jerome Powell’s statements for cues on future monetary policy, as lower rates typically enhance interest in riskier assets like cryptocurrencies.

In summary, while Bitcoin shows signs of bullish momentum, traders should remain cautious due to potential resistance levels and macroeconomic factors influencing the market. #Write2Earn