BTC is currently trading below the 50-day EMA (~$92,345), maintaining a structure of lower highs on the daily timeframe and approaching a key support area.

📌 Relevant technical levels

Immediate support: $90,000

Confirmed loss of $90K: exposes drop towards $85,569, coinciding with the Fibonacci retracement 78.6% of the last bullish impulse

Recovery zone on the rise: $94,253 (Fib 61.8%)

📊 Momentum

RSI (14): ~47

→ Below 50, indicating a loss of bullish momentum, with no oversold conditions.

MACD: active bearish crossover

→ Confirms weakening of momentum in the short term.

🧠 Technical reading

As long as BTC remains below the 50 EMA and does not recover the $94K–$95K area, the asymmetric risk favors continued bearishness. The current structure does not yet validate a sustainable rebound, but rather scenarios of additional pressure towards lower supports.

❌ Invalidating the bearish bias

Recovery and daily close above $94,253

Confirmation of RSI > 50 along with positive turnaround in MACD

Until then, the dominant scenario is defensive, prioritizing capital preservation and risk management.

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