#BTC90kChristmas #StrategyBTCPurchase
BTC/USDT – Technical Analysis
Trend
Long-term trend is bullish (price far above MA(99)).
After peaking near 126,200, BTC is in a medium-term correction / consolidation.
Moving Averages
MA(7) ≈ 102,436 → Price below short-term MA → short-term weakness.
MA(25) ≈ 84,219 → Price above MA(25) → medium-term structure still bullish.
MA(99) ≈ 37,439 → Strong long-term support, trend intact.
Price Action
Strong rejection from 126k (upper wick + red candles).
Current price around 91,381 showing a small bounce after a sharp drop.
Indicates profit booking, not trend reversal yet.
Support & Resistance
Immediate support: 88,000 – 90,000
Major support: 84,000 (MA 25 zone)
Strong support: 64,000 – 66,000
Resistance: 102,000 – 108,000
Major resistance: 126,000
Volume
Volume declining → selling pressure is reducing.
Suggests consolidation phase, not panic selling.
Market Structure
Higher highs & higher lows still valid on long timeframe.
Current move looks like a healthy correction in a bull market.
Outlook
Bullish above 84k
Sideways range likely between 88k – 105k short term.
Break above 108k → continuation toward 120k+
Break below 84k $BTC
