The monthly line for $BTC is about to close.
There is a high probability of a significant drop next month, with prices likely needing to return to around 85000, or possibly even lower.
After three rebounds to 95000, they were immediately pushed down. The trading volume has increased, but the price cannot move up, indicating significant selling pressure above.
This is a typical signal of divergence between volume and price, suggesting that the market's upward momentum is weakening, and there is a strong willingness to sell from trapped positions above.
Main funds will likely maintain a monthly closing positive shape through sideways fluctuations, so in the short term, prices will form a consolidation box around 95000, repeatedly washing out to digest selling pressure.
Even if the price temporarily breaks through the high of 95780, it will max out around 96200 - 96600, and further up to around 97700, which will basically be the top.
Key reference points:
• Resistance levels: 95500 (short-term pressure), 96600 (dense trading area), 97700 (strong resistance zone), 98200 (historical high area)
• Support levels: 93000 (short-term support), 92200 (lower edge of the consolidation center), 91600 (bull-bear dividing line), 90900
Thought process reference:
Short on highs (short around 95200, take profit around 92200)
Long on lows (long around 92220-91600, take profit around 93400-94500)
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