Current Price: $96,060.65 (+1.12%)
Key Resistance Zone: $95,400–$95,800
Support Zone: $93,000–$93,800
Target: $105,000
Market Outlook:
Bitcoin is hovering just under a strong resistance level. Despite multiple rejections, the overall trend remains bullish, supported by an ascending trendline and higher lows.
Price Action Structure:
Consolidating below resistance
Weakening momentum with multiple wicks into highs
Support holding at $93,000–$93,800 with confluence from trendline
Scenarios to Watch:
Bullish:
Pullback into support sweeps liquidity
Bounce from trendline = bullish continuation
Clean break above $95,800 = potential move to $105,000
Bearish:
Break below support + trendline = possible deeper correction
What to Do Now:
Wait for a pullback to $93,000–$93,800
Look for bullish reaction and higher lows
Avoid chasing into resistance
Conclusion:
As long as the trendline holds, dips may offer high R:R long entries. A breakout above $95,800 could ignite the next leg to $105K.
Trade Smart. Trade Safe.
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