$BTC So, what do you think about the market? This week marks a change of month, and so far we see bearish divergence on the monthly chart and seller pressure.
1. Week: quite positive — MACD is contracting, the price is approaching the level of 95k, last week we saw false breakouts above 95k. RSI shows the emergence of buyers, which is why the sad start of April has turned into positivity against the backdrop of global instability. Let me remind you that this is the average breakeven price for recent holders, they are on edge because there are currently no significant changes in favor of a bullish run.
2. Day: positive — opened above the value zone, three days were above 95k, but there was no close above the level, so we cannot consider this anything other than a false breakout with three bars, as MACD is gradually fading, and buyers are weakening according to RSI. 88.5k is the level; a daily candle closing below this will indicate the end of the upward trend.
3. Hourly charts show trading around the 95k level with rising peaks; pay attention to how we will approach the peak of 95.8k — a rapid approach to a drop, a consolidation, and small candles leading to a breakout and further movement towards 98.6k.