BTC

BTC at $76,627 is in a short-term bearish structure but showing early stabilization after a sharp selloff. RSI 44.3 is below neutral yet not oversold, suggesting downside momentum has cooled but not fully reversed. MACD remains negative (line -604.9) but the histogram is positive (+76.1) with the MACD line above the signal, indicating a potential bullish momentum shift from deeply bearish conditions—however it’s still a counter-trend signal. Price is below EMA26/50 and far below EMA200 ($81,739), keeping the broader trend bearish and making long entries lower-conviction. Bollinger Bands show price slightly below the middle band ($76,911) with moderate bandwidth (7.96%), implying room for expansion but no breakout confirmation. The rebound from ~$73.1k to ~$76.6k occurred on declining volume (0.36x average), weakening the reliability of the bounce. Order book shows heavy ask size at the touch, adding near-term overhead resistance. Best approach is to hold/stand aside until either a higher-low + reclaim of EMA50 (~$77.5k) on stronger volume (BUY) or a breakdown back below ~$75.4k (SELL/exit longs). Ideal stop loss for any tactical long would be ~$74,850 (below recent swing and near lower band zone).