$BTC BTC/USDT – Market Update (22:13 PKT)
Price: $89,676.48
24h Change: +1.12%
Market Mood: Neutral → Slightly Bullish
🧠 Technical Analysis (1D Chart):
🔹 BTC made an intraday high of 89,228 today — buyers are active.
🔹 Major support from previous dip 80,800 is showing a strong hold.
🔹 Price is trading above the 7-day MA, indicating short-term positive momentum.
🔹 99-day MA is still quite high (109,587), meaning the macro trend is currently weak but improving.
✔ Immediate Trend Direction:
BTC is giving strong signals to go up.
If BTC stays above 88,500 support, the next targets can be:
$90,500
$92,000+
Strong breakout zone: $94,000 → $96,000
⚠ Downside Risk (If support breaks):
If 88,500 breaks:
→ BTC can retrace towards 86,800 → 85,000
⭐ Current Situation Summary:
Short-term: Bullish
Medium-term: Recovery phase
Major support: 88,500
Resistance: 90,500 → 92,000
🚀 Why BTC Looks Ready for Upside:
✔ Buyers are defending dips strongly
✔ Volume stable, selling pressure reduced
✔ Indicators are showing early reversal patterns
✔ Market sentiment is recovering from last week’s dump
