Bitcoin $BTC is currently moving in a consolidation phase, showing mixed signals in the short term. Price is holding above key support levels, which indicates that buyers are still active.
Trend: Overall trend remains bullish on higher timeframes, even if short-term pullbacks appear.
Support Zone: Strong buying interest usually appears near major psychological levels.
Resistance: $BTC faces selling pressure near recent highs; a clean breakout can push price higher.
Indicators: RSI is near neutral, suggesting the market is neither overbought nor oversold.
Outlook
📈 Bullish scenario: If BTC breaks and holds above resistance, upward momentum can continue.
📉 Bearish scenario: Failure to hold support may cause a temporary correction before the next move.
Strategy (General)
Long-term holders can HODL and accumulate on dips.
Short-term traders should wait for clear breakout or support confirmation.