Bitcoin just bounced off the bottom of the downward channel. Momentum is trying to shift, but trend is still bearish until bulls reclaim the $96K zone.
Key points:
• Oversold signals firing across stoch & wave-trend
• MACD curling from deep red — early reversal signs
• Volume profile shows a low-volume gap above → clean path if $96K is reclaimed
• Rejection there = continuation of the downtrend
• Break above = room toward mid-$100Ks
Relief bounce is forming, but structure hasn’t flipped yet. Eyes on the yellow level — that’s where this move gets confirmed or denied.
Key points:
• Oversold signals firing across stoch & wave-trend
• MACD curling from deep red — early reversal signs
• Volume profile shows a low-volume gap above → clean path if $96K is reclaimed
• Rejection there = continuation of the downtrend
• Break above = room toward mid-$100Ks
Relief bounce is forming, but structure hasn’t flipped yet. Eyes on the yellow level — that’s where this move gets confirmed or denied.
Check me out btdcrypto.com/links/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Check me out btdcrypto.com/links/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.