#BTC Daily Chart Analysis 💸
Bitcoin is currently trading around \$96,700, approaching a critical psychological and technical resistance** near **\$100,000** after a strong rally from the \$73,000 low.
📊 **Key Indicators:**
1️⃣ **RSI** is at **69.8** — very close to the overbought zone. A cooling-off period or pullback could occur soon.
2️⃣ **MACD** still shows a bullish crossover, but momentum is slowing down. Caution is advised.
3️⃣ **Market Structure:**
Price has broken a key high at **\$94K** (BOS). Now it's inside a major supply zone: **\$96,500 – \$100,000**.
🕯 **Scenarios:**
✅ If BTC closes above \$100K**, bullish continuation is likely:
— Target 1: $104,000
— Target 2: $108,000
— Target 3: $112,000
❌ If #BTC fails to break $100K and pulls back:
— Support 1: $92,000
— Support 2: $84,000
No financial advice — just structured analysis based on charts and technicals.
