BTC

BTC is attempting a short-term bounce, but the broader structure remains bearish and the setup lacks strong confirmation. RSI at 68.4 is near overbought, limiting upside follow-through risk/reward for a fresh long. MACD is improving (histogram +91.49 with line above signal), suggesting bullish momentum is recovering, yet both MACD line and signal are still negative, consistent with a counter-trend bounce rather than a confirmed reversal. Price is hovering just above the Bollinger midline ($83,605) and close to the upper band ($84,774), implying limited near-term upside before resistance. EMA alignment is bearish: price is below EMA50 ($84,647) and well below EMA200 ($87,436), reinforcing a downtrend with overhead supply. Critically, volume is extremely weak (0.02x of 20-period average), and recent candles show tight consolidation—insufficient participation to validate a breakout. Ideal stop loss (if long is held) is $82,400 (below lower band/support).