**Bitcoin Holds Support But Lacks Conviction, Daily Market Report Shows Weak Momentum**
Bitcoin remains below key short- and medium-term exponential moving averages, signaling a weak trend environment with limited bullish conviction. Daily momentum remains soft, with prices failing to return to short-term trend levels. Sellers still hold the upper hand, though downward pressure is easing.
The MACD is below its signal line, confirming the bearish tone, but weaker bearish momentum suggests the market is settling into a consolidation phase. RSI sits below the neutral midpoint, showing low buying interest but no panic selling.
Resistance remains strong above $87,000, with multiple failed breakouts reinforcing this ceiling. Altcoins to watch may offer alternative opportunities as Bitcoin remains in a wait-and-see pattern.
Order book data shows clustered seller liquidity above current levels, while support at $87,000 appears to be holding for now. A daily close above key averages could shift sentiment, but until then, the market remains in a transitional state.
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