Bitcoin Technical Analysis – Bullish Setup with Caution Signals

A notable FAKEOUT has been observed as $BTC briefly broke above a critical resistance trendline but failed to maintain that breakout, indicating a possible trap for aggressive bulls and suggesting short-term volatility in the market.

At the same time, bearish divergence is emerging on the MACD indicator. The MACD line has crossed below the signal line, and the histogram is turning red, signaling that bullish momentum is weakening.

Despite these warning signs, the larger structure remains optimistic. If Bitcoin manages to break and sustain above the $113K level, it could trigger a renewed bullish continuation and confirm a breakout of broader significance.

Overall sentiment remains BULLISH, but with caution, as technical indicators point to short-term uncertainty before the next major move.

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