BTC is not in a good position for a long position right now. It is extremely overbought (RSI 93), volume is low, and there is very strong resistance at 95,150 USDT. Going long here would be betting against the odds, unless a breakout is seen with real volume.
Short Probability:
High probability (70%) of a slight to moderate correction toward support if the price does not break 95,150 with force.
Indicators favor shorting due to overbought conditions, although we must be wary of potential traps.
Support Strength (94,400–94,600 USDT):
It is solid: it has support from the order book, the EMA (20), and was a previous reaction zone.
As long as it remains above 94,400, the pullback can be contained.
If it loses 94,400 with volume, the next serious support is near 94,000–93,800.
Direct conclusion:
This is not the time to go long. Shorting has a good probability, but should be done near resistance levels (95k–95,150) and with a well-adjusted stop. Support at 94,400 is strong, but if it breaks, it could accelerate the decline.
$BTC