💵 BTC

🐂 Is this a reversal? Or just a market maker shaking the boat?

After a technical rebound from $100,000, BTC not only returned above $106,000 — it broke through that level, consolidated above it, and is now trading around $109,400. It looks strong. But let's avoid euphoria.

What's on the chart:

🟢 Price: $109,400 — bullish momentum, consolidation above $106k

🟢 RSI: 61.1 — confidently above 50, but still some room before overbought territory

🟢 Bearish divergence — played out and reset, the RSI landscape is redrawn

🟠 200 EMA: $92,078 — still far away, but remains a global support

📌 BTC touched $100,000, bounced back, and is now quickly regaining lost positions. Consolidation above $106,000 sharply improves the structure — now it's support again, not resistance.

📊 Key levels:

⬆ Resistance: $110,000 → $114,000

⬇ Support: $106,000 → $100,000 → $96,000

🔵 Conclusion:

So far, this looks like a scenario of a false breakdown downwards with a liquidation of longs — and now the market is moving on the liquidations of shorts. A consolidation above $110,000 will pave the way for a new high.

But be careful: after such a run, a retest of $106k is possible. And if it doesn't hold — then we will remember about $100,000 again.

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