$BTC The monthly line is about to close
There is a high probability of a big drop next month, with prices needing to return to around 85000, and it may even drop lower.
After three rebounds to 95000, it was immediately pushed down, with increased trading volume, but the price couldn't rise, indicating strong selling pressure above.
This typical signal of divergence between volume and price suggests that the market's upward momentum is weakening, and there is a strong willingness to sell among trapped positions above.
The main capital is likely to maintain a monthly bullish formation 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 at most rise to 96200 - 96600, and if it goes further up to around 97700, it will basically be at its peak.
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
