BTC's current vibe check;
$BTC influences the whole crypto market, I guess y'all know that, When Bitcoin is in an uptrend, the rest of other tokens join the uptrend, the low market caps and meme coins pump highest, that's why we retail traders with our little capital prefer trading these low cap tokens to maximize our gains.
✔So that's how important BTC is in the crypto market worth analysing before buying any token.
✔for the previous months, BTC has been rallying from a low price of 74508 to closing a resistance of 100k and making a high of 105819.45,where the rest of the market responded and followed very well, giving us some joy😄😍💕 as we recovered and other made lots of money.
✔For now,analysing the MACD, BTC has formed a death crossover above the zero line as you can all see dipping, we don't know whether it's a normal correction or the end of the uptrend, take caution of your trades, consider partial selling and secure some profits and later be able to buy in case the dipping worthens.
✔currently BTC is trading at a price of 101347.91 with the immediate Support being at a price of 97490.31 (MA 99)
✔All RSIs are heading downward, showing weakening buying pressure. Being below 50 is often the earliest bearish warning.
✍Candlestick Behavior:
✔The last few candles show wicks on both sides—indecision or fight between bulls and bears.
✔The latest candle is red and closed below the 7 and 25 EMA.
✔Yes, a short-term correction or dip is very possible here. The MACD death cross, fading RSI, and price slipping under short EMA suggest weakening momentum. However, the broader trend is still bullish unless price breaks below the EMA 50 ($100,576) support zone.
