$BTC

💰Current price: 89,100$

📉Sentiment: Bearish

💜Market fear and greed: 34 points (Fear)

💥Expected volatility: Extreme

⚠️Main support: 85,600$

🚨Main resistance: 91,600$

🗣️Summary of what to expect today: Bitcoin managed to maintain support at 85,600$, staying within the range between 91,600$ and 86,000$. However, the strongest market reaction could occur this afternoon with the impact of the event at the White House.

Currently, the 200 moving average on the 1H chart is acting as support around 87,000$, followed by 85,600$, which withstood the drop after the announcement that there will be no new purchases by the U.S. National Reserve for now. If both levels are lost, the price could break its current structure and open up space for a deeper pullback down to 82,700$.

On the resistance side, the 50 moving average on the 1H chart has been an obstacle at 89,600$. Further up, the golden pocket at 91,600$ is again the key barrier to overcome. If all prior resistances are surpassed, the most important wall as we have seen in recent newsletters is at 94,600$.

The daily MACD remains bullish, which is positive in the medium term, although it currently shows hidden bearish divergence.

Today is a day full of fundamentals, as data on interest rates is published, Powell speaks, unemployment figures in the U.S. are revealed, and the crypto event takes place, along with Trump's speech.

💜 Market sentiment: Market sentiment has left extreme fear behind and we are now at 34 points. Confidence is returning, but still far from anything euphoric.

📈Different Trading Map: Looking at the Bitcoin map, a significant part is located at the top of the chart between 93,000$ and 95,000$. On the lower side, we encounter a lesser concentration at 84,000$, but be aware that we also have a large accumulation zone at 80,000$.