#BTCNextATH
Time to Enter?
๐ Key Observations
โ Bullish Signs
Price recovery: BTC is holding around $92.3K after bouncing from the ~$80K zone. The structure shows higher lows and a clean trend reversal.
MACD: Strong bullish crossover with histogram growing โ indicates building momentum.
RSI: RSI(6) is above 70 (currently ~74), showing overbought but bullish conditions โ this usually happens early in uptrends.
Moving Averages: BTC is now pushing against the 99-day MA (~$90.7K). It has already cleared the 7-day and 25-day MAs, which are now acting as support.
Volume: Volume is rising slightly along with the price, supporting the breakout narrative.
โ ๏ธ Caution Before Entry
Overbought RSI (6): A value above 70 could signal a short-term pullback โ not a reversal, but maybe a dip before the next leg.
Price is near resistance: The area between $92.5Kโ$95K is a congestion zone. Break and close above it would be confirmation of strength.
๐ฎ My Call
If you're a breakout trader: Wait for a clean daily close above $95K with strong volume โ this would signal confirmation of trend continuation.
If you're a dip buyer: A pullback to $88Kโ$90K (where short-term MAs converge) could be a solid entry with limited downside risk.
If you're already in: This is a strong hold. Let it run unless RSI shoots further up and shows bearish divergence.
๐ฏ What to Watch Next
Daily close above $95K โ likely next leg toward $98Kโ$100K.
Rejection at $95K โ look for support retest at $89Kโ$90K as your re-entry zone.