$BTC /USDT MARKET OUTLOOK: REJECTION AT RESISTANCE ZONE!
Bitcoin is currently trading around $93,434, showing early signs of exhaustion after a sharp recovery from the $91,660 support region. The price is now testing a key supply zone between $93,400–$93,800, where it faced multiple rejections previously. Despite the recent bullish momentum, buyers must push past this resistance for any sustained upward breakout.
If BTC gets rejected again from this level, it could retest the support zones at $92,800 and $91,967. On the flip side, a strong hourly close above $93,800 would open the door toward $94,500 and beyond.
Outlook Summary:
• Trend: Neutral to Bearish (unless a breakout occurs)
• Immediate Resistance: $93,800–$94,000
• Support Levels: $92,800 and $91,660
• Momentum: Stalling at upper resistance, watch closely for rejection or breakout
Pro Tip: Wait for confirmation before jumping into a position — a rejection can offer a high-probability short, while a breakout should be accompanied by strong volume for a safer long.
“Mark this zone and wait for the breakout or reversal confirmation!”
I’d love to hear your thoughts on this and the next move. Let me know in the comments.
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