#MarketRebound
Bitcoin (BTC) surged to $93,123 today before retreating back to $92,796, still recording a solid gain of +6.56% in the last 24 hours. This movement reflects a broader rebound in the crypto market, likely triggered by political tensions between Trump and Powell that are shaking interest rate expectations and risk sentiment.
Despite the surge, the RSI is at 57.66, indicating that there is still room before reaching overbought territory. Meanwhile, the MA(7) is testing the MA(25) from below, signaling a potential short-term trend reversal if the momentum holds.
Volume remains steady, and traders are watching $92,229 (MA99) as the next key level. The macro backdrop adds pressure: Trump’s pressure on Powell for looser monetary policy is prompting traders to bet on crypto as a hedge.
Is BTC building strength for a breakout—or is this just a recovery rally before the next pullback? The market is watching closely.