📉 Market Sentiment (Short-Term)
Bearish to Neutral
🔹 Most technical scanners show strong sell signals from moving averages and many indicators — suggesting short-term bearish pressure. �
🔹 Price trading near key supports implies choppy price action with limited upside right now. �
🔹 Volume often dictates trend validity — currently volume isn’t showing strong conviction, so breakouts may get rejected. *
Investing.com
CentralCharts
Short-term bias: Slightly bearish unless BTC breaks above immediate resistance zones.
🧠 Key Technical Levels (Today)
Support Levels (Where buyers may step in):
~$90,000 – $91,000: Immediate support zone (psychological + recent lows) — keep an eye here. �
CoinMarketCap
$88,000 – $85,000: Next deeper support if price loses $90k. �
CoinMarketCap
Resistance Levels (Where sellers may press):
$95,000: A key upside hurdle — clear break here could turn sentiment bullish. �
JrKripto
$97,000 – $98,000: Next strong resistance band. �
JrKripto
👉 Bullish trigger: Break above $95k with volume.
👉 Bearish trigger: Sustained break below $90k.
🧩 Technical Indicators Snapshot
Bearish Signals:
Moving averages and broader scans show sell bias — suggesting downward momentum remains. �
Investing.com
Neutral / Mixed:
RSI not deeply oversold yet — room for further downward or sideways move before reversal. �
CryptoNews
No major bullish chart patterns confirmed yet.
Net–net: the market is range-bound with bearish tilt.
🗞 Macro & News Drivers (Today)
🔹 Bitcoin broke toward higher levels recently, showing institutional flows and renewed momentum — this can support price stability if demand persists. �
🔹 Upcoming macro events (like inflation reports / Fed news) are still influencing sentiment. �
🔹 Broad crypto market volatility and ETF flows remain key catalysts for swings.
The Economic Times
Major support and resistance reactions will largely depend on these triggers today.
📊 What Traders Are Watching Now
Bullish scenario:
Break and hold above $95k–$97k could open the door toward $100k psychological level.
Bearish scenario:
Failure to defend $90k may trigger deeper correction toward $85k – strong demand zone historically
