$USDC Technical Analysis of Bitcoin (BTC/USD) After the 99K Break

General Trend:

Strong bullish trend.

No historical resistance above the current price; the market is in "Discovery Mode."

Support and Resistance Levels:

First Support: $99,000 (a psychological barrier and broken resistance that is turning into support).

Second Support: $95,500 (a strong technical level + near moving averages such as the MA50).

Nearby Resistance: $100,000 (a psychological round number, where profit-taking is normal).

Next Resistance: $105,000 – $110,000.

Technical Indicators:

RSI (Relative Strength Index): In overbought areas (>75), a slight correction is possible.

MACD: Bullish continuation signals, no negative crossovers yet.

Volume: High, supporting the breakout.

Possible Scenarios:

1. Positive Scenario (70% Probability):

Bitcoin stabilizes above 99K.

Breaks through 100K with increasing momentum, targeting 105K and then 110K.

2. Corrective Scenario (30% Probability):

Failure to stabilize above 99K.

Corrects to $95,500 and then resumes the upward trend.

Advice for Scalpers:

Scalpers: Pay attention to the 99K-100K zone to take short profits.

Intermediate Swing Traders: It's best to wait for a retest of 99K to enter long positions.