btc bullish or bearish analysis
Resistance Levels (Where Selling Pressure May Increase)**
1. $95,758.04 Current 24-hour high (immediate resistance).
2. $96,000 - $97,000 – Psychological resistance (next target if $95,758 breaks).
3. $100,000*– Major psychological and historical resistance (if bullish momentum continues).
Support Levels (Where Buying Interest May Emerge)**
1. **$92,666.62** – Current 24-hour low (immediate support).
2. **$90,629 - $90,722** – MA(7) and MA(99) dynamic support (critical for short-term trend).
3. **$84,920.43** – MA(25) (stronger support if deeper pullback occurs).
4. $78,120 - $82,795 – Lower range support (previous swing lows on the chart).
Additional Observations
- Moving Averages (MAs):
- **MA(7) at $90,629.68** and **MA(99) at $90,722.85** are converging, acting as a strong support zone.
- **MA(25) at $84,920.43** is a key mid-term support.
- **MACD Indicator:**
- **MACD (1,430.99) > DEA (1,051.72)** suggests bullish momentum, but watch for divergence.
- **Volume:**
- 24h volume is **2.56B USDT**, indicating strong liquidity near current levels.
Key Scenarios**
1. **Bullish Breakout:** If BTC holds above **$95,758**, the next target is **$97,000 - $100,000**.
2. **Bearish Rejection:** If BTC drops below **$92,666**, watch **$90,629 (MA7)** for a potential bounce or further decline to **$84,920 (MA25)$$ #EthereumFuture