BTC Daily Playbook
Bitcoin is trading at 83,671.64, holding above both its rising 50-SMA (80,941.85) and 200-SMA (71,980.08), keeping the broader trend structurally bullish with price sitting 16.24% above the long-term mean. However, momentum is cooling: RSI at 54.32 is neutral, and the MACD line (914.21) has slipped under its signal (1,428.97), pointing to short-term deceleration even as the primary uptrend remains intact. The immediate pivot is the 50-SMA near 80,942 — holding it keeps buyers in control and sets up a retest of recent highs toward the mid-80Ks, while reclaiming MACD cross territory would be the trigger for renewed momentum follow-through. A clean breakdown below 80,942 opens air toward the 200-SMA at 71,980, where the bull thesis would need to defend aggressively. The constructive setup is invalidated on a daily close back under the 200-SMA, which would flip the structural trend and neutralize the current higher-timeframe bid.