BTC is not in a good position for a long right now. It is extremely overbought (RSI 93), the volume is low, and there is very strong resistance at 95,150 USDT. Entering long here would be betting against the odds, unless a breakout with real volume is seen.
Short Probability:
High probability (70%) of a mild to moderate correction towards the supports if the price does not break 95,150 strongly.
The indicators favor the short due to overbought conditions, although one must be careful of possible traps.
Strength of Support (94,400–94,600 USDT):
It is solid: it has backing from the order book, EMA(20), and was a previous reaction zone.
As long as it stays above 94,400, the pullback can be contained.
If it loses 94,400 with volume, the next serious support is close to 94,000–93,800.
Direct Conclusion:
It is not a moment for long. Short has a good probability, but it should be done near resistances (95k–95,150) and with a well-adjusted stop. The support at 94,400 is strong, but if it breaks, it could accelerate the drop.
