#BitcoinBounceBack

From the BTC/USDT chart on the 4-hour time frame:

1. EMA

The price is around EMA 21 (83,473) and EMA 34 (83,496).

EMA 200 is still above at 89,054, indicating the main trend is still bearish.

If the price can break through EMA 34 and hold above it, it could be a stronger reversal sign.

2. RSI

RSI (6) is at 61.62, which means it is still in the neutral–bullish zone.

Not overbought, so there is still room for further upward movement.

3. MACD

The MACD histogram has started to become positive, indicating that bullish momentum is increasing.

If the MACD line (yellow) successfully crosses above the signal line (pink), it could be an additional bullish signal.

Conclusion:

Currently, BTC is still in a consolidation phase after bouncing from $76,606.

A breakout from the EMA 34 resistance is needed for further confirmation.

If it fails to break through EMA 34 and drops again, it could retest support at $75,611 - $76,606.

If it successfully breaks out, the first target is around $90,478 (next resistance).