1. Current Market Overview

Price: ~$88,466

24H Change: +$1,012 (+1.16%)

24H High / Low: $88,542 / $86,639

Volume (24H): $14.3 Billion

Market Cap: $2.75 Trillion

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2. Chart Pattern & Trend

Trend: Bullish breakout from a descending channel, signaling possible continuation of upward movement.

Momentum: Strong upward momentum observed after retesting the $86,000 support zone.

Pattern: Recent candles show bullish engulfing, confirming buyer dominance.

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3. Key Indicators

Moving Averages: Price is above both the 20-day and 50-day MAs → bullish signal.

RSI (Relative Strength Index): Around 60 → positive momentum but not overbought.

MACD: Bullish crossover confirmed, supporting buy momentum.

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4. Support and Resistance Levels

Immediate Support: $86,000

Major Resistance: $90,000 (psychological level)

Next Resistance Zone: $94,000 – $98,500

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5. Summary & Strategy

BTC is showing strong bullish structure, with potential for further upside.

A minor pullback toward $87,000–$86,500 is possible before another leg up.

Break and hold above $90K would likely trigger more buying toward $95K+.

Day Bias:

Bullish

Ideal Long Entry: ~$87,000

Stop Loss: $85,000

Target: $90,000 – $94,000
trad but your own risk