Price Snapshot:
Bitcoin $BTC
is currently trading within a defined range, finding support near $95,333 and facing resistance at $99,500. Market participants are closely watching this zone for the next directional move.
Key Technical Levels:
Primary Resistance: ~$99,500 – A breakout here could spark bullish momentum.
Primary Support: ~$95,333 – Holding this level is critical to avoid further downside.
Secondary Support: ~$90,000 – A psychological and historical demand area.
Market Activity:
Volume indicators such as the 5-day moving average suggest steady participation, but no major breakout has occurred yet. A surge in volume could be the catalyst for the next leg up or down.
Trade Outlook:
Short-Term (1–3 Days):
Above $95,333: Price may retest $99,500. A breakout could lead to $102,500.
Strategy: Long position with a stop-loss below $94,500.
Below $95,333: Price could decline toward $90,000.
Strategy: Short position with a stop-loss above $96,000.
Medium-Term (1–2 Weeks):
A daily close above $99,500 may confirm a bullish trend toward $105,000.
Conversely, a breakdown below $95,333 could trigger a correction to $87,500–$90,000.
Market Outlook:
Bullish Probability (60%): Consolidation between $95K–$99K with a breakout aiming for $102,500–$105,000.
Bearish Probability (40%): Rejection at resistance could lead to a drop to $90,000.
What to Watch: Volume spikes and price action around $99,500 will be key indicators for confirming the next move.