BTC Price Action: The analysis notes a rebound from lows around $80,600 and identifies **$94,620** as the immediate resistance (approximating the 20-day EMA). Current Context Check: The current BTC price is around $90,735, which is still below the critical 20-Day EMA, which is approximately $95,780. This confirms the analysis's point: a decisive move above the 20-day EMA is still needed to confirm a strong bullish continuation toward $100,000. Institutional Inflows: The mention of $238.4 million in spot Bitcoin ETF inflows reinforces the narrative that institutions are buying the dip, lending credence to the idea of a floor forming. Altcoins: Major altcoins like ETH, XRP, BNB, and SOL are also attempting rebounds but are struggling at their respective 20-day EMAs or downtrend lines. This divergence is a classic sign of market deleveraging, where capital flows back into the market leader (BTC) first. 📊 Key Technical & Market Levels
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#JoinGrowthPointsDrawToWiniPhone17 💰 Bitcoin (BTC) & Altcoin Status
BTC Price Action: The analysis notes a rebound from lows around $80,600 and identifies **$94,620** as the immediate resistance (approximating the 20-day EMA).
Current Context Check: The current BTC price is around $90,735, which is still below the critical 20-Day EMA, which is approximately $95,780. This confirms the analysis's point: a decisive move above the 20-day EMA is still needed to confirm a strong bullish continuation toward $100,000.
Institutional Inflows: The mention of $238.4 million in spot Bitcoin ETF inflows reinforces the narrative that institutions are buying the dip, lending credence to the idea of a floor forming.
Altcoins: Major altcoins like ETH, XRP, BNB, and SOL are also attempting rebounds but are struggling at their respective 20-day EMAs or downtrend lines. This divergence is a classic sign of market deleveraging, where capital flows back into the market leader (BTC) first.
📊 Key Technical & Market Levels