₱ⱤØⱠł₣ł₵ JØł₦₮Ⱬ on Nostr: Market Overview 1D (Daily): BTC is showing continued downward pressure, struggling to ...
Market Overview
1D (Daily): BTC is showing continued downward pressure, struggling to hold key support levels. The Market Cipher DBSI indicates a long-term trend support around $83,943, suggesting a potential bounce zone.
4H: Short-term relief rally with some bullish divergence forming, but resistance at $97,393 remains strong.
8H: Price is rejecting from resistance levels, struggling to maintain bullish momentum. $97,006 is the key trend support.
Levels to Watch
Key Resistance: $97,393 - $99,425
Support Zones: $96,503 - $95,000
Critical Trend Support: $83,943
Market Sentiment
Short-Term: Weak bounce, still in a downtrend.
Mid-Term: Bears in control unless BTC reclaims $99K+.
Long-Term: Bullish structure intact, but needs stronger volume to push higher.
1D (Daily): BTC is showing continued downward pressure, struggling to hold key support levels. The Market Cipher DBSI indicates a long-term trend support around $83,943, suggesting a potential bounce zone.
4H: Short-term relief rally with some bullish divergence forming, but resistance at $97,393 remains strong.
8H: Price is rejecting from resistance levels, struggling to maintain bullish momentum. $97,006 is the key trend support.
Levels to Watch
Key Resistance: $97,393 - $99,425
Support Zones: $96,503 - $95,000
Critical Trend Support: $83,943
Market Sentiment
Short-Term: Weak bounce, still in a downtrend.
Mid-Term: Bears in control unless BTC reclaims $99K+.
Long-Term: Bullish structure intact, but needs stronger volume to push higher.