SHORT-TERM PULLBACK OR STRONG SUPPORT ZONE?
Bitcoin dipping gently—prepping for a bounce or slipping deeper?
Current Price: $93,446.52 (-0.04%)
24H High/Low: $94,444.00 / $91,660.01
24H Volume: 20,974 BTC | 1.95B USDT
Market Sentiment: Strong Buy Pressure – 90.78% vs 9.22%
Key Technical Levels (1m TF):
Resistance: $93,800 / $94,034 / $94,444
Support: $93,395 / $93,150 / $92,750
Short-Term Low: $93,394.62 (recent local bottom)
Trade Setup:
Entry Range: $93,400 – $93,460
TP1: $93,800
TP2: $94,200
TP3: $94,444
SL: $93,150
Risk-Reward: ~1:1.7+
Chart Insight:
Price is testing the lower bounds near $93,400 after a short-term drop from $94.4K. This area has previously acted as support. If it holds, a rebound toward $94K is likely.
BTC dips a little, but buyers are still loading up big. Do you think this is the perfect buy-the-dip moment or a trap before a deeper fall?