$BTC The price has made a strong bullish move after touching the lower Bollinger Band, indicating a possible reversal.

The upper Bollinger Band is near 88,276.72, and the lower band is around 82,238.38.

Resistance level seems to be around 88,765.43 (previous high).

The sell average price is 78,773.89, meaning sellers might face losses if the price sustains above this level.

Technical Indicators

RSI Levels:

RSI (6) is at 61.94, which suggests moderate bullish momentum.

RSI (14) is at 51.75, near the neutral zone.

RSI (24) is at 48.51, showing the longer-term momentum is still uncertain.

Stochastic Indicator (K/D/J):

K: 47.05, D: 42.50, J: 56.13 – these values suggest a possible upward trend but not in overbought territory yet.

Market Outlook

The bullish engulfing candle suggests a strong upward push.

If the price continues above the mid Bollinger Band (~85,257.55), the bullish trend may continue.

A break above 88,765.43 could indicate further gains, while a rejection could mean a pullback.

Potential Strategy

Long Entry: If price consolidates above the middle Bollinger Band and RSI confirms upward momentum.

Short Entry: If the price gets rejected near resistance (88,765) and RSI starts declining.

Stop-Loss Consideration: Below 82,238 (lower Bollinger Band) for bullish positions.