#Bitcoin has not yet surpassed the red resistance zone for about 2 weeks. This area is a strong supply zone where sales have occurred in the past.
Currently, it is stuck just below this line. Although we seem directionless at the moment, there are good entries into Spot #ETFs. This indicates that institutional investors still have a very clear confidence.
Looking at the overall structure, the downtrend has been broken, followed by a strong rise. $Btc is accumulating in the 92,500 – 95,000 range. Such structures can signal either a solid rise or a short correction. However, ETF purchases seriously support the upward potential.
If the red area is passed with volume, targets of 100K and above will start to be discussed. The first support below is at 92,500, and strong support is around 84,300.
Wishing everyone abundant profits and a beautiful day 💐