BTCUSDT Analysis: Testing Key Support Levels
BTCUSDT has entered a critical risk zone, showing signs of a false breakdown at key support. The market's focus is now on whether the bulls can maintain their position.
D1 - W1 (Higher Timeframe): After a strong rally, Bitcoin is in global consolidation. The key support zone remains at 90K-91K, with a false breakout forming.
H1 - H4 (Local Timeframe): Price is testing local channel support near 89400, a crucial risk zone.
If bulls defend 89400 - 90K, Bitcoin could gain strength, potentially targeting 94K.
Support Levels: 91280, 89400
Resistance Levels: 94800, 99200
