$BTC Market Update
Key Expectation: Anticipating a potential rejection at the $99k - $100k resistance zone.
Reasons Behind the Outlook:
1️⃣ FOMC Meeting Impact: Despite bearish undertones from the latest Federal Reserve policy decisions, Bitcoin has rallied sharply. This divergence raises caution about sustainability.
2️⃣ HTF (Higher Timeframe) Signals:** While the broader trend remains bullish, diminishing trading volume weakens the rally’s credibility. The $100k level also aligns with a critical Fibonacci retracement zone, acting as a psychological and technical barrier.
3️⃣ LTF (Lower Timeframe) & On-Chain Data: Short-term charts show bearish divergence, and on-chain metrics (e.g., exchange inflows, whale activity) hint at rising selling pressure.
Action Plan:
- A confirmed rejection on lower timeframes (e.g., breakdown below key support, bearish candlestick patterns) will trigger a short position.
- Tight stop loss (SL) will be placed above the rejection zone to manage risk.
Final Thoughts:The $99k-$100k area is a make-or-break level. Stay alert for confirmation signals! Updates to follow. 🔍🚨
#AltcoinSeasonComing #AltcoinTrade #BTCBackto100K #BTCtrade #TradeStories
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