Bitcoin (BTC) on the Binance daily chart shows a meaningful rebound after breaking above the medium-term downtrend. The move comes as some altcoins also exhibit strong upside, underscoring broader crypto momentum.
Analysts say they plan to continue sharing Bitcoin perspectives and flag altcoins with promising setups. The aim is to identify high-probability entry points in a shifting market.
BTC’s chart has seen a roughly 2.5% intraday drop, but traders caution that this should not be read as a negative signal while the uptrend remains intact. The prior candle showed a long lower wick, indicating a tug-of-war between sellers and buyers. As prices neared the prior high, selling pressure waned and buying interest ramped into the session’s close.
If the current candle closes as a solid bearish candle, the Evening Star pattern would complete, signaling additional downside. A move would potentially pull BTC into the 88,700–89,000 dollar zone.
If a late-session rally pushes prices through the resistance, the upside could accelerate. Further observations will be provided should meaningful momentum emerge.
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