
BTC: Relief Bounce or Real Reversal?
Bitcoin is trading near $78,098, bouncing from the $76,265 low. But the daily structure remains bearish.
- Trend: Below MA5 ($78.46K), MA10 ($79.56K) and MA20 ($80.92K).
- Momentum: RSI6 at 33.54 shows weak momentum.
- Resistance: $78.46K → $79.56K → $80.92K.
- Support: $77.4K → $76.26K.
My take: The bounce needs a reclaim of $80.9K to improve the bullish outlook. Until then, recovery remains unconfirmed.
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