BITCOIN UPDATE !

Alright, let’s dive into Bitcoin.

Right now, BTC is hovering around $93k coming down from those $100K highs we saw not too long ago. Over the weekend, it dropped below $96K, even hitting an intraday low of $92,072. That 50-day SMA at $91,830 has been a key level where buyers have stepped in, but on the flip side, it’s struggling to stay above the 20-day EMA at $99,102—a sign that bearish momentum isn’t done yet.

There’s still a lot of selling pressure in the market. Support at $92,600 looks solid for now, but if it breaks, the next stop could be $88,943. On the upside, resistance around $96K and $99K is what we need to break through for any bullish momentum.

One thing to note—big players like MicroStrategy are still buying aggressively. They just added over 5,000 BTC to their reserves, which speaks volumes about long-term confidence. On the shorter-term charts, though, RSI is showing oversold conditions, but there’s no clear sign of a reversal yet.

So, what’s the play? Stick to spot trades and DCA smartly. Entries between $85K–$93K are still valid, and my targets remain at $95K, $97K, $99K, and $108K. Don’t go all in, though; with the volatility we’re seeing, it’s not the time to take unnecessary risks. If you’re tempted by leveraged longs, think twice—this isn’t a market to get overconfident in.

For now, patience is key. I’ll keep an eye on things and update if I see any fresh opportunities. Follow my lead copy trading account for real-time updates. Let’s stay sharp.$BTC $BTC