#Bitcoin (BTC) Market Update: Neutral Sentiment Dominates as BTC Struggles at $95K
Key Observations:
- Price Stalls at Resistance: BTC faces strong rejection near $95,000 (61.8% Fib level), with muted volatility (~1% range last 4 sessions).
- USD Strength & Neutral Sentiment: A recovering U.S. dollar and a "Neutral" Crypto Fear & Greed Index reflect fading bullish momentum.
- RSI Warning: The RSI hovers near 70 (overbought), signaling exhaustion and potential short-term pullback.
- Weak Trend Momentum: ADX ~20 confirms low directional strength, increasing consolidation risks.
Short Trade Opportunity: Fading the $95K Rejection
Entry Zone: $94,500–$95,000** (test of resistance with RSI divergence).
Stop-Loss:** **$95,500** (breakout invalidation).
Targets:**
- $92,000 (immediate support).
- $90,000 (key swing low; break here opens downside to $88K).
**Risk/Reward: 1:2+ (adjust position size accordingly).
Why This Works?
1. Technical Resistance: $95K aligns with Fib resistance and psychological selling pressure.
2. Overbought RSI: Suggests buyer exhaustion and profit-taking potential.
3. ADX Confirmation: Weak trend strength supports range-bound or downside action.
**Invalidation:** A daily close above $95,500 could reignite bullish momentum toward $100K.
Critical Levels to Watch:
- Resistance: $95,000 → $100,000 (psychological).
- Support: $90,000 (must hold to avoid bearish shift).
Market Context:
- A prolonged stall at $95K risks breaking the April uptrend structure.
- Monitor USD strength and BTC spot ETF flows for macro cues.
