$BTC Update
After forming a solid retest bottom around $74,508, Bitcoin has made a strong comeback, fueled by news that President Trump is softening his stance on tariffs!
He’s promising maximum tax cuts, as analysts suggest he miscalculated the tax models — especially with the ongoing protests adding pressure. (Honestly, the situation this year feels a bit orchestrated, just my two cents!)
For now, let's pause short-term trading plans for Saturday and Sunday.
Keep an eye on the chart indicators instead!
Key points:
MA99 is nearing a cross below the MA200, signaling that even if BTC pushes higher, a pullback to the $93K zone is still likely in the coming week or two.
Daily RSI is showing overbought levels:
StochRSI > 100
RSI(6) > 87
Uptrend confirmation signs:
3D timeframe: Signal line has crossed the positive MACD, and BTC is holding above $85,500 — bullish!
5D timeframe: Signal line is about to cross up, with MACD backing further gains (momentum is slightly weak, probably weekend effect).
If BTC closes this week above $95,500 with strong 5D volume, the next bullish target zones are $99K - $100K!
Important caution:
The 1D chart shows overbought conditions already.
It’s safer to wait for a pullback to the $89K–$90K range.
Watch for StochRSI to cool off into the neutral zone and RSI(6) to reset near 69–70 on the daily chart before looking for fresh entries.
Overall trend: Uptrend ✅
But always stay cautious and be smart when buying the dips!
Patience pays off in crypto!