$BTC

1. Price Rejected at MA Resistance

• BTC rallied just to hit the MA(25) and MA(99) zones and got rejected.

• Classic behavior in a distribution phase or fake breakout.

2. MACD Still Bearish

• MACD line is under the signal line and histogram bars are below zero.

• Weak momentum — this pump lacks real strength or volume follow-through.

3. RSI Behavior

• RSI(6) jumped fast to 61, while RSI(12 & 24) are still neutral/bearish.

• Short-term RSI pump could be retail chasing the bounce — another trap signal.

4. Lower High Structure

• Price still makes lower highs from the $111,980 top.

• Unless BTC breaks above ~$106,000 with strong volume, this is likely a dead cat bounce.

📆 What’s Next?

• If price fails to break and hold above $106k, expect a retest of $100k, then breakdown.

• Eyes on $97,400 → $92,000 → $87,000 as short-term targets.

• Strong breakdown confirmation = close below $98,000 with volume.