$BTC The monthly line is about to close
There is a high probability of a major 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. The trading volume increased, but the price couldn't rise, indicating that there is significant selling pressure above.
This typical divergence signal in volume and price suggests that the market's upward momentum is weakening, and there is a strong willingness to sell from trapped positions above.
The main funds will likely maintain a monthly bullish pattern through sideways fluctuations, so in the short term, the price will form a consolidation box around 95000, repeatedly washing out and digesting selling pressure.
Even if the price temporarily breaks above the high of 95780, it will at most reach 96200 - 96600, and further up to around 97700 will basically be 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 consolidation), 91600 (bull-bear dividing line), 90900
Strategy reference
Short on highs (short near 95200, take profit near 92200)
Long on lows (long near 92220-91600, take profit near 93400-94500)
