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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.


#Bitcoin #BTC

$BTC

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