🤔🙂‍↕️Has BTC reversed? Is the bear hour approaching or are the bulls just catching their breath?

Greetings, crypto enthusiasts! Let's take a look at the latest BTC/USDT charts, which now look like a real battlefield map between bulls and bears. The price around $88,785 is a key psychological level after recent volatility.

What does the chart show us?

1. Price and Trend: BTC is under pressure, down -1.41%. At the same time, it has dropped below the middle Bollinger Band (BOLL: 95,967.1), which is traditionally considered a signal for continued downward movement. The price is moving in a narrow corridor between the lower Bollinger Band (LB: 82,012.6) and the middle band.
2. Critical resistance level: The middle Bollinger Band (~$96k) now acts as strong resistance. Until BTC can confidently reclaim this level, it's too early to talk about a full upward reversal.

And what do the indicators say? They paint a contradictory picture:

· MACD: Deep in the negative zone (-682.7). This is a strong bearish impulse. However, note that the histogram (difference between DIF and DEA) is not hitting new lows, possibly indicating the decline is slowing down.
· KDJ: The trio (K:32.8, D:22.9, J:52.4) is in the neutral, slightly oversold zone. The J line has already turned upward, which could be an early signal of a bounce within the downtrend.
· RSI: All lines (6, 12, 24) are in the 33 to 40 range. This is not deep oversold territory (which starts below 30), but not strength either. The RSI suggests that sellers still control the situation, but the fuel for selling is running out.

Summary and possible scenarios:

🎢To sum up: Right now, it's hard to call the current movement a clear upward reversal. It looks more like a consolidation or a pause within a larger downward corrective movement.

· Bearish scenario: If the price does not hold above the lower Bollinger Band (~$82k), we could see a test of lower levels, possibly around $75k.
· Bullish scenario: If BTC manages to hold above $90k and break through the middle Bollinger Band (~$96k), this will be the first serious signal for renewed faith in a bull trend. All eyes are currently on these levels.

Volumes, importantly, show no anomalies, indicating a lack of panic.

🚨Conclusion: BTC hasn’t reversed, it’s biding its time. The market is looking for direction. Key levels are marked on the map—now is the time for patience and discipline, not impulsive decisions.

💡This post is not financial advice. Always do your own research (DYOR).
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