Bitcoin is currently trading near recent support levels with neutral momentum indicators. The price has been consolidating between $90,600-$91,800 range recently.
Current Market Position
BTC is trading at $90,765, slightly below both the 20-day and 50-day moving averages. The RSI at 46 suggests neither overbought nor oversold conditions.
Support and Resistance Levels
Recent local lows around $90,663 provide strong support, while resistance sits near $91,700-$92,000 based on recent highs.
Trading Strategy
Consider buying near support levels for potential bounce plays, with clear profit-taking targets at resistance. Current consolidation suggests range-bound trading.
Risk Management
Always use stop-loss orders below support levels. The medium risk level reflects typical crypto volatility and current neutral market conditions.
Beginner Recommendations
Advice: hold
Buy Price: 90663.98 USDT
Sell Price: 91791.99 USDT
Key metrics
| Price | 90765.7200 USDT |
| 24h Change | -0.75% |
| RSI(14) | 46.11 |
| SMA20 / SMA50 | 91164.47 / 91259.93 |
| Daily Volatility | 2.28% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
