#Crypto Market Rebounds#

Let's analyze the provided BTC/USD chart on the daily timeframe (1D) and draw conclusions about the current situation and expectations in the market.
📉📈Chart analysis
🔶Current price and trend:
As of the time of analysis, the price of Bitcoin is 95,088.3 USD, which is up 1.98% in the last 24 hours.
The chart shows an upward trend in recent days: after a correction to around 74,505.6 ( on December ), the price began to rise confidently, breaking through several key resistance levels.
The maximum during the observed period reached 95,770.1, while the minimum was 74,854.5.
Moving averages (EMA):
EMA5 (92,610.1), EMA10 (89,9945.1), EMA20 (87,418.5) and EMA60 (87,041.1) are located below the current price, which confirms the bullish trend.
The short-term EMAs (5 and 10) are above the longer ones (20 and 60), which also indicates the continuation of the upward movement.
🔶Indicators:
KDJ: Values K (73.3), D (85.9), J (99.6) are in the overbought zone (above 80), especially J, which may signal a possible correction in the near future.
RSI: RSI(6) = 88.0, RSI(12) = 72.8, RSI(24) = 60.7. RSI(6) is also in the overbought zone (above 70), which confirms the KDJ signal of a potential reversal or correction.
StochRSI: StochRSI(14) = 14.3, which indicates oversold conditions according to this indicator, creating a contradiction with RSI and KDJ. This may mean that a correction has already begun or will be short-term.
🔶Volumes:
The trading volumes over the last 24 hours amount to 8.03K (757.71M USD). The chart shows that the price increase was accompanied by an increase in volumes, confirming the strength of the bullish trend. However, the latest candles indicate a decrease in volumes, which may be a sign of weakening momentum.
🔶Support and resistance levels:
The nearest support level is located in the zone of 86,993.8 (EMA20 and EMA60), as well as around 74,505.6 (minimum on the chart).
The resistance level is around 95,770.1 (maximum). A breakout of this level could pave the way to new all-time highs, possibly reaching 100,000 USD, as some analysts predict.
🔶Expectations
🔶Short-term expectations (1-3 days):
The (KDJ and RSI) indicators show overbought, which could lead to a correction. The likely target of the correction is the 86,993.8 (EMA20/60) zone, or even 79,500.9, if the selling pressure intensifies.
If the price holds above 95,000 and breaks 95,770.1 with volume confirmation, it could signal a continuation of the rise to 100,000 USD.
🔶Medium-term expectations (1-2 weeks):
Given the overall bullish trend and historical data, Bitcoin is likely to continue moving upward after a slight correction. Analysts such as Fidelity and Gate.io predict a rise in BTC to 180,000 USD by the end of 2025, with a total cryptocurrency market capitalization exceeding 7 trillion USD.
However, short-term pullbacks are possible due to overbought conditions and declining volumes.
🔶Influencing factors:
Positive news, such as the increase in institutional interest, the approval of new ETFs ( for example, on Solana) and pro-crypto policies ( for example, in the US after Trump's election ), support a bullish sentiment.
Negative factors such as tightening regulations or macroeconomic shocks (, for example, the strengthening of the dollar ), may intensify the correction.
Recommendations
🔶For traders: Expect confirmation of the reversal (, for example, a breakout downwards at 95,000 with increasing volumes ) for opening short positions with a target of 86,993.8. For long positions, wait for a breakout at 95,770.1 with confirmation.
🔶For investors: Considering the long-term bullish outlook, current levels may be a good point for accumulating positions, but taking into account a possible correction.
The market remains volatile, so it is important to keep an eye on news and indicators for timely adjustments to the strategy.