Bitcoin at 93000 high-stakes game! The bulls are still holding strong, but danger signals have been raised.
The 93000 mark has become the short-term "battleground" for Bitcoin! The 1-hour chart is firmly sticking to the upper Bollinger band, with the EMA7/25 lines strongly turning upwards. The bulls are firmly in control in the short term, and the market still looks strong!
But beware! The overbought alert has been sounded—RSI is soaring above 65, and the MACD red bars are visibly shortening. Bullish momentum is rapidly cooling, and upward strength is clearly lacking!
Short around 93500-94000, targets at 91000, 89000.
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