$BTC
Bitcoin is currently at 92,671 after a noticeable drop from the daily peak of 94,696. Is this the beginning of a reversal or just a warrior's rest before further bleeding?
What we see with technical precision:
The price is currently below MA-25 (93,080), which keeps the selling pressure in place.
The area of 91,660 was a temporary bottom, and the price has bounced from it twice so far, making it a very sensitive support.
The MACD indicator is still in the negative zone, but it has started to show a slowdown in selling momentum – watch for a bullish crossover soon.
Trading volumes have started to rise during the attempts to rebound, indicating the entry of some smart liquidity.
The crucial turning point? A strong candle breaking above 93,250 means the beginning of a new bullish wave that could target 94,600 again.
The precise recommendation for speculators:
Safe entry: only after a clear break and close above 93,250.
Quick entry/scalping: buy on a confirmed bounce from 91,700 – with a precise stop loss below 91,600.
Exit: any break of the previous low (91,660) with large volume = immediate exit signal.
Our expectations: If the price holds 91,700 as support, the coming hours may witness a bounce towards 93K, while breaking it could push the price towards 90,000.