$BTC /USDT Technical Analysis

📉 Bitcoin (BTC) experienced a strong recovery from the local low of $93,377 to a high of $97,732, indicating a bullish reversal.

📈 The price surged by approximately 4.66%, showing strong momentum.

🔁 A clear “V-shaped recovery” pattern is visible, suggesting a rapid bounce-back from oversold conditions.

⚡ The 7-period moving average (MA) has crossed above the 25-period MA, confirming short-term bullish sentiment.

🔥 Trading volume spiked during the breakout, reinforcing the move with solid buying pressure.

🛑 Resistance was met near $97,732, followed by a minor pullback and consolidation.

🟡 Current price is stabilizing around $96,922, just above the 7-period MA, which may act as support.

🚀 If BTC holds above $96,000, it may attempt a retest of the recent high.

⚠️ A breakdown below $95,000 could invalidate the bullish setup.

👀 Traders should watch for volume confirmation and RSI to avoid false breakouts.