The recent BTC market for $BTC shows an intensifying tug-of-war between bulls and bears.
From a technical perspective, the BTC price is around $94,000, where the chips are sparse, making a breakout likely. However, the upward trend line of the RSI indicator has been broken, and trading volume has shrunk by over 38%, indicating strong reversal demand. At the same time, the EMA52 has formed a resistance, and the MACD and KDJ indicators have crossed bearish, confirming the bearish signal and increasing the risk of a pullback.