#BTC

Today BTC looks moderately bullish: trading slightly above the daily pivot level, the upward trend is weak, the market is cautious but without signs of panic.

1. Price around $88 700, for 24h +0.67%, for 7d slightly below zero, movement more sideways with a slight uptrend.

2. The moving averages and MACD indicate a steady upward trend, with RSI around 52, suggesting a neutral sentiment without overheating.

3. BTC dominance around 59%, fear and greed index in the "fear" zone, open interest is rising, so the upward trend relies on a shoulder and may be fragile.

## Deep Dive

### 1. Short-Term Price Movement

BTC is currently trading at approximately **$88 729.66**, having increased by **about +0.67%** in the last 24 hours, around **+0.37%** in the last hour, and is slightly down over the week.

In the last 24 hours, the range was approximately **$87 600–$89 000**, with the current price closer to the upper part of this corridor, which resembles a smooth uptrend within a sideways market rather than a strong momentum.

This looks like consolidation near local highs rather than a downward reversal.

### 2. Technique: MA, RSI, MACD and Levels

According to the indicators, the picture for today is more bullish, but without extremes:

1. **Moving Averages**

1. 7-period SMA ≈ **$88 478.64**, 30-period SMA ≈ **$88 305.07**, 200-period SMA ≈ **$87 822.20**.

2. Short-term MAs are above long-term ones. This confirms a strong upward trend on the selected timeframe.

2. **RSI**

1. RSI‑14 around **52.07**, RSI‑21 around **52.74**.

2. This is a "neutral" zone, there is neither overbought nor oversold, meaning there is room for movement in both directions.

3. **MACD**

1. The MACD line is **positive**, the histogram is also positive.

2. This indicates a moderately positive momentum, but not a strong "acceleration" of the bulls.

4. **Key levels for today** ( on the pivot and Fibonacci ):

1. **Pivot of the day:** around **$88 348**. The current price is higher, which means the intraday bias is currently towards growth.

2. **Nearest supports:**

1. Zone **$88 350–$88 400** ( pivot and 61.8% Fibo ).

2. Next, the area **$87 600–$87 700** (local minimum and the base of the last range).

3. **Nearest resistances:**

1. Recent swing-high around **$89 580**.

2. Psychological level **$90 000** and above the Fibonacci extensions (90–91.5 thousand.) as possible targets when the momentum strengthens.

**What it means:** as long as BTC remains above the pivot and the zone $88 300–$88 400, the scenario of a moderate uptrend with attempts to test $89 500–$90 000 looks more likely than a sharp reversal down.

### 3. Market, Dominance and Leverage

The overall market context supports such a "cautiously bullish" scenario:

1. **Overall Market**

1. The total market capitalization of the crypto market is about **$3 T**, with a 24-hour change of about **+0.58 %**.

2. The daily trading volume in the market has increased by more than thirty percent. This indicates quite active trading.

2. **Dominance and Sentiment**

1. **BTC dominance** is currently around **59 %** and is slightly increasing. This resembles a "Bitcoin season" mode, where capital prefers the major asset rather than aggressive alts.

2. The Fear and Greed Index is around **29**, meaning the market is still in the fear zone, without euphoria.

3. **Derivatives and leverage risks**

1. Open interest in derivatives around **$744 B** has increased slightly over the last 24 hours.

2. The average funding for perpetuals **is positive but decreasing**, meaning there is a net dominance of longs, but the aggressive "overheating" of the market is weakening.

**What this means:** the upward trend of BTC is supported by a significant volume of derivatives, so a sharp external shock can easily reverse the price downward through a chain of liquidations. But so far, there is no sign of panic or extreme greed.

## Conclusion

Currently, BTC is in a gentle uptrend above the daily pivot, with neutral oscillators and stable moving averages, which supports the scenario of continued growth towards $89 500–$90 000. If the price consolidates below the zone of $88 300–$88 400 with increasing volumes, the scenario will shift to an intraday correction towards $87 600 and below.

Confidence: High, as the analysis is based on current BTC prices, indicators, and a summary of the market over the last 24 hours.