Current Price: ~91,942
Trend Context: Short-term pullback after a bullish impulse
📈 Price Action
BTC made a strong bullish move from around 91,042 and formed a higher high at 92,672, which confirms a short-term bullish structure. After that, price entered a pullback phase and is currently consolidating below 92,000.
This pullback looks corrective, not a trend reversal yet.
🔁 Market Structure (BOS / CHoCH)
✅ Bullish BOS (Break of Structure) occurred when price broke above previous resistance and pushed to 92,672.
❌ No clear bearish BOS yet.
Current movement looks like a retracement after BOS, not a trend change.
👉 Bias: Still bullish structure, but in correction.
📊 Indicators Analysis
RSI (6): ~38
RSI is below 50 → shows short-term weakness
Not yet oversold → downside room still possible before bounce
Stochastic RSI: ~9–13
Deep in oversold zone
This often signals a potential bounce or relief move soon
👉 Indicators suggest selling pressure is slowing down.
🧱 Key Levels
Support Zones:
91,700 – 91,600 (minor support)
91,300 – 91,050 (strong demand zone / previous base)
Resistance Zones:
92,000 – 92,100
92,600 – 92,700 (recent high)
🧠 Smart Conclusion
Structure is still bullish (BOS already happened)
Current move is a healthy pullback
No bearish confirmation yet
Oversold Stoch RSI + support zone → bounce possible
🔍 Trading Bias:
Aggressive traders: Look for long confirmation near support
Conservative traders: Wait for reclaim above 92,000 for long
Short positions are risky unless a clear bearish BOS happens
⚠️ Invalidation
If BTC breaks and closes below 91,000, then:
Bullish structure fails
Bearish continuation becomes more likely
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