Current Price: $97,010
Key Support Levels
* Immediate Support: $96,500
4-hour 50-EMA & recent consolidation floor
* Strong Support: $95,800
Previous swing low & psychological level
* Critical Support: $94,200
Must hold to prevent deeper correction (61.8% Fib of recent rally)
Key Resistance Levels
* Immediate Resistance: $97,500
Recent local high & minor psychological barrier
* Next Resistance: $98,300
All-time high zone
* Upside Target: $100,000
Major psychological magnet
Technical Indicators
RSI (1-hour): 58 (neutral-bullish, not overbought)
MACD: Bullish histogram forming on 4-hour
Volume: Moderate needs surge for breakout confirmation
Bollinger Bands: Price testing upper band ($97,200)
Fundamentals to Watch
* ETF Flows: GBTC/Spot ETF net inflows/outflows
* Macro Factors: DXY movement, Fed rate expectations
* On-Chain Data: Exchange reserves, whale transactions
* Market Sentiment: Fear & Greed Index (currently at 72 Greed)
Scenario Analysis
Bullish Case:
Holds $96,500 → Break above $97,500 targets $98,300-$100K
Bearish Case:
Loses $96,500 → Tests $95,800 support
Break below $95,800 could trigger move to $94,200
Neutral Scenario:
Range-bound between $96,500-$97,500
Trading Strategy
Long Entry: Above $97,600 with stop at $96,400
Short Entry: Below $96,400 with stop at $97,000
Conservative: Wait for clear $100K test or breakdown
Risk Management:
1-2% position size recommended
Watch for liquidation clusters at $96K/$98K
(Note: Bitcoin volatility typically increases near psychological levels monitor order book depth.)
Critical Timeline:
Next 8 hours crucial as BTC tests all-time high territory
Break above $97.5K could trigger FOMO, while rejection may cause profit-taking
(Analysis valid until next significant price pivot refresh every 2 hours for updates.)
