$BTC The monthly line is about to close
There is a high probability of a significant drop next month, with prices likely needing to return to around 85000, and it may even drop lower.
After three rebounds to 95000, it was immediately pushed down; trading volume increased, but prices couldn't rise, indicating strong selling pressure above.
This typical volume-price divergence signal suggests that the upward momentum in the market is weakening, and there is a strong willingness to sell from trapped positions above.
The main funds will likely maintain a monthly positive closing pattern through sideways fluctuations, so in the short term, prices will form a consolidation box near 95000, repeatedly washing out selling pressure.
Even if prices temporarily break through the high of 95780, at most they will reach 96200 - 96600, and further up to around 97700, basically reaching the limit.
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
