@bscfx1
BTCUSDT – Daily Chart Update
Price has tapped the long-term rising trendline that has held since 2023. Every major correction in this cycle has bounced from this zone, and the current reaction is similar.
Key points:
• Price gave a clean touch to the trendline and buyers stepped in.
• The wick shows demand at the trendline base.
• MACD is near oversold levels, which often appears during early reversal phases.
• As long as daily closes stay above the trendline, the long-term bullish structure is intact.
Upside levels to watch:
• 102,000
• 108,000
• 114,000
If the trendline breaks on a daily close, support sits at 90,000 to 88,000.
Right now the chart favors a trendline bounce rather than a breakdown.
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