✅ Bullish Signs
Price Stabilization Near Support – BTC bounced off around $115,736, forming a higher low structure.
RSI ~65 – Momentum is leaning bullish but not yet overbought. It has room to climb.
MACD Histogram Turning Green – The MACD looks like it’s crossing back above the signal line, hinting at bullish momentum returning.
Short-term MAs Converging – The 7 MA is trying to cross above the 25 MA, which could trigger a short-term upward push.
⚠️ Bearish/Risk Factors
Price Struggling at MA99 (~$118,389) – BTC is sitting right below this resistance; rejection could lead to another dip.
Weak Volume – If volume doesn’t increase, this bounce may be temporary.
Overall Trend Still Sideways – BTC is ranging between $115,700 - $120,000, not yet breaking out.
📌 What to Watch Before Entering
✅ A strong 1h close above $118,600 with volume → confirms breakout attempt.
✅ MA7 crossing above MA25 → short-term bullish confirmation.
✅ RSI > 70 & MACD expanding green → sign of momentum, but also signals to take profit soon.
❌ Rejection at $118,600 with falling RSI → likely retest of $116,900–$117,000 support.
If you’re already holding, you might ride it to $120K–$121K if we get a breakout. If you’re looking to enter, wait for that confirmation.
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