Bitcoin Rebounds to $94K as Market Momentum Improves but Outlook Remains Cautious with Declining CVD and Open Interest

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG News notes that Glassnode’s weekly market commentary shows Bitcoin has climbed toward $94,000, yet the market remains not fully bullish. Momentum has improved and trading volume rose, but spot CVD and open interest have cooled, pointing to intensified potential selling pressure as the rebound unfolds.

Meanwhile, options trading signals demand for hedging downside risk, while ETF outflows suggest weak institutional demand. Taken together, BTC appears to be gaining momentum on a momentary basis while overall sentiment and positioning stay cautious, indicating that confidence is being rebuilt after recent volatility.

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