BTC/USDT: Pressure Building Below the $100K Breakout Wall?

Price: $98,813

24H High/Low: $99,374 / $96,988

RSI (14): 67.38 → Near Overbought

Structure: Rising wedge rejection near key diagonal resistance!

Technical Breakdown:

1. Chart Structure:

BTC respected the rising trendline but just rejected hard at $99.3K.

A local bearish divergence on RSI is forming — signaling momentum slowing near resistance.

2. Key Supply Zone:

Heavy resistance just under $100K remains untouched.

Failed to close above $99.3K = potential bull trap territory.

3. Support Reclaim:

Previous gray zone around $94.5K acted as a springboard.

Bulls must hold above $96.5K or risk a flush to the $92K range.

Key Zones:

Major Resistance: $99.3K – $100K

Support Range: $96.5K – $94.5K

Breakout Target: $102K+

Breakdown Risk: Below $94.4K = dip to $91K

Most Likely Move:

Short-Term Pullback

Unless BTC breaks above $99.5K with a full-bodied 4H candle, expect a dip for liquidity. RSI shows exhaustion — a cool-off to $96K could be healthy.

Trade Idea:

> Short Setup (Scalp):

Entry: $98.9K – $99.2K

Target 1: $96.5K

Target 2: $94.2K

SL: $100.3K

RR Ratio: 1:2+

Confirmation: 4H rejection candle below $98.5K

Final Word:

BTC bulls are fighting the $100K ceiling — but momentum is stalling. If this trendline fails, we could see a fast drop to reload zones before the final breakout leg.

Will BTC smash $100K next? Or are we looking at a fake-out zone again?

Follow for live signals, early reversals, and whale breakouts!

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