BTC Intraday Update — Strong Reclaim, Short-Term Shift

Current D1 price action (mid-session) shows a strong bullish reclaim and a shift in short-term momentum.

Price has pushed through the 68.5k–69k region with a solid intraday move and limited rejection so far, suggesting real buying interest rather than a weak bounce. This is the first meaningful attempt to regain control after a sequence of lower highs.

Key observations:

• RSI moving back above 50 → improving momentum
• MACD still negative but losing downside pressure
• Clean break above a key level (pending daily close confirmation)

This does not confirm a higher timeframe reversal yet, but it does shift the short-term bias.

Key level:
68.5k–69k — needs to hold as support

Scenario:

• Holding above → continuation likely toward 70.5k → 71.5k
• Losing this level → potential bull trap → back to 67k–66k

For now, the market is no longer in a clear short setup. It has transitioned into a pullback-and-continuation or failure decision zone, with confirmation still pending into the daily close.