Bitcoin is currently trading near 96038, extending its bullish structure after firmly reclaiming the 95000 level. The market continues to favor buyers as price action inches closer to all-time highs.
🔹 Current market situation
BTC is trading above all major EMAs (50, 100, and 200) on the daily timeframe, confirming strong bullish momentum. The RSI is elevated but not yet in extreme overbought territory, indicating sustained strength with room for further upside before exhaustion.
🔹 Important technical point
Bitcoin is now approaching the psychological 100000 level. A confirmed daily close above 97800 could ignite momentum toward the key milestone. On the downside, 94500 and 92000 remain short-term support zones in case of any weekend retracement.
🔹 Fundamental catalyst to watch
As the weekend has started, trading volume typically declines, and no high-impact economic news is scheduled for today. This may result in slower price action or range-bound movement unless unexpected catalysts emerge.
📍 Current Price: $1823 📊 Previous Resistance (Now Support): $1750 📊 Immediate Resistance: $1870 📉 Support Zone Below: $1685
ETH is consolidating just under the 1870 resistance zone after a strong bullish rally. Price continues to range within the marked supply area, showing signs of temporary exhaustion as it awaits a decisive move.
🔍 Key Observations:
🟢 ETH structure remains bullish after reclaiming the $1685 support area 🟢 Price is tightly consolidating under the $1870 resistance level 🟢 A clean breakout above $1870 may open the door toward the $1950 supply zone 🟢 If rejected from current levels, $1685 remains the key demand area to watch for bullish interest
📈 Market Volume:
Today is Saturday and volume remains relatively calm as the weekend begins. No major economic events are scheduled, so technicals are expected to guide price action.
⚠ Trade Smart:
ETH is at a major supply level. Patience is key — look for either breakout confirmation or a retracement into the 1685 demand zone for possible long setups.
Usdt dominance remains under pressure as it consolidates just above the critical demand zone between 5.00%–4.95%. The sustained rejection from higher zones reflects a continued tilt toward risk-on sentiment in the broader market.
Market Structure:
Price was firmly rejected from the 5.20% supply zone, reinforcing active selling interest
5.08% stands as a significant resistance after the small bounce from previous support zone, validating a temporary shift in directional biases
Current level at 5.05% is holding the upper band of the marked demand area with weak momentum signals
Outlook:
The market structure remains bearish with a clear sequence of lower lows and lower highs. A decisive close below the 5.00% handle could open doors for an extended drop toward the 4.80% support zone. Alternatively, holding this level may provide a temporary bounce back toward the 5.20% and further region.
Conclusion:
Usdt dominance is positioned on a crucial demand base. A breakdown from here may confirm further altcoin inflows, indicating stronger risk appetite across the crypto landscape.