BTC Market Update: Bulls Pushing Hard! 🚀
$BTC is showing strong momentum on the 15m timeframe, currently trading at $95,447. After a brief dip to the $94,900 support level, the recovery has been aggressive.
The Technicals:
* 📈 EMA Alignment: We are seeing a bullish "fan out." The price is currently riding above the EMA(7), EMA(25), and EMA(99), signaling strong short-term trend strength.
* 🔥 RSI Check: RSI(6) is sitting at 73.97. We are officially in overbought territory. While the trend is strong, expect some consolidation or a minor "retest" of the EMA(7) soon.
* 📊 Volume: A significant green volume spike accompanied the latest candle, confirming buyer conviction at these highs.
Levels to Watch:
* Resistance: $95,521 (Recent local peak)
* Support: $95,221 (EMA 25) & $94,910 (Strong floor)
Sentiment: Short-term bullish, but watch for a cool-off on the RSI before the next leg up. 📈💪
