I am bullish as long as btcusd > 95240 pivot point. Rsi > 50 and macd > 0 and above its signal line. In addition the price is above the moving averages 20 and 50. 100k

#BTCWatchZone BTC Hits Major Resistance: What’s Next?

Bitcoin has entered a critical resistance zone, and here’s why this area demands attention:

1️⃣ Volume Profile Analysis: The clustering near the top of the bar suggests a potential price cap. This often indicates heavy resistance, where sellers may dominate.

2️⃣ Ask Volume Spike: The noticeable increase in ask orders and anomalies in clusters support the likelihood of resistance holding.

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What Are the Next Moves?

Consolidation Scenario: If BTC consolidates within this range, it might be a good time to lock in profits on longs, securing gains from the previous bullish momentum.

Potential Short Opportunities: Feeling bold? Eye potential short positions, but only if clear confirmations (like a reversal pattern or bearish divergence) are present.

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Bullish Momentum Still in Play?

On the flip side, the bullish momentum hasn’t faded entirely. If BTC manages to break through this resistance, it could pave the way to higher levels—perhaps even aiming for the coveted $100K mark.

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What’s Your Move?

Are you going long, short, or just watching for now? The market’s at a crossroads, and careful planning is crucial. Share your strategy!

$BTC

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