BTC

BTC is pressing the upper Bollinger Band ($84,479) with RSI at 72.31, signaling near-overbought conditions and limited immediate upside before a pullback risk. While MACD is improving (histogram +354.57 with MACD line above signal), it remains below zero, suggesting the bounce is corrective within a broader bearish structure. Price is above the 12/26 EMAs ($83,726/$83,880), but still below the 50 EMA ($84,822) and well below the 200 EMA ($87,651), reinforcing overhead resistance and a downtrend bias. Recent candles show a sharp impulse from ~$81.8k to ~$84.2k, but follow-through has stalled near $84.2k–$84.3k. Volume is notably weak (0.39x average), reducing confidence in a sustained breakout. Given mixed momentum (bullish short-term, bearish higher-timeframe) and poor volume confirmation, the best action is to hold/stand aside and wait for either a high-volume break above $84.8k or a pullback toward support for a better risk/reward entry. Ideal stop loss if long: $83,150 (below the mid-band/EMA cluster).