The monthly line for #BTC is about to reach its closing point. Based on a comprehensive analysis of recent market data and technical indicators, there is a significant risk of a pullback in next month's market. The price is likely to first retreat to the 85000 support range, and further declines cannot be ruled out.
From a technical perspective, the price of the coin has rebounded three times to the critical resistance level of 95000 but has been suppressed and fallen back, indicating concentrated selling pressure in this area. Recent trading volume has continued to expand, but prices have stagnated, showing clear signs of divergence between volume and price, reflecting a significant increase in selling pressure above, while bullish momentum is waning and the market's willingness to release trapped positions is strong.
Current major funds may adopt a sideways oscillation strategy to ensure that the monthly line closes in a bullish pattern, maintaining the illusion of technical recovery. In the short term, the price is expected to oscillate within the central range of 95000, digesting trapped chips. Even if it breaks through the previous high of 95780 in the short term, the upward space is still relatively limited: initial resistance levels are at 96200-96600, and the strong resistance area is concentrated around 97700. Breaking through this range requires a substantial improvement in volume structure.