(1-week timeframe on Binance), here are some technical insights:
Observations:
1. Current Price: $94,750
2. Recent Trend: BTC is recovering after a downward correction from the $109,588 peak.
3. Support Zone: Around $85,958 and $72,629
4. Resistance Zone: Around $99,288 to $109,588
5. MACD Indicator: Still in negative territory but showing signs of a bullish crossover.
6. Volume: Moderate buying volume recently, indicating potential continued interest.
Short-Term Possibilities:
If BTC breaks above $99,288, it could retest $109,588.
If BTC fails to maintain above $94,000, it might pull back toward $85,000–$86,000 range.
