EcoByG Bitcoin Daily Analysis #2 — Daily BTC Market UpdateWelcome to My Analysis.
Now, let’s break down today’s Bitcoin structure.
This chart now contains far more important signals than before—especially in terms of market structure, supply & demand zones, and the critical role of the 92–93K resistance.
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Overall Market Position
Bitcoin is currently in a short-term bearish structure, and the origin of that weakness is very clear:
💥 The drop started precisely from the supply zone at 92,200–93,700.
After multiple taps into this zone:
Price failed to break out
Selling volume increased
Now price is moving right below this major supply area.
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Market Structure
The pattern on the chart is clear:
SFP of the high → consolidation → heavy drop → pullback → second drop → weak rebound
Which means:
A Lower Low (LL) has formed
A Lower High (LH) has formed
Short-term trend → Bearish
We are at the exact stage where if price closes below the red zone, a new LH will be confirmed and the next drop becomes likely.
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RSI
RSI is showing a bearish cross below its moving average,
indicating that buyer momentum is weak.
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Final Summary
Short-term structure is bearish
Price is trading below the strong 92–93K resistance
RSI is bearish with weak momentum
Buyers are weak; sellers are regaining control
Therefore:
Turning bullish before a clean breakout above 94,000 is not logical.
The probability of a drop toward 89,700 and 88,600 is higher than the probability of a rally.
⚠️ Risk Alert ⚠️
Futures are not beginner-friendly. These triggers require solid experience.
Before using them, study risk management and practice with the learning content here.
