#NFPCryptoImpact $BTC
Price Trend:
Recent Bottom: Around 91,203.67, showing that the price has bounced back after touching this support.
Nearest Resistance: 95,401.04, the price is currently retesting this area.
Volume:
Volume is increasing on the recovery candles, indicating that buying pressure is increasing.
However, the volume needs to remain strong to confirm a sustainable uptrend.
Downtrend line:
There is a downtrend line in blue, and the current price is trying to break through it. If the breakout is successful, a bullish move could begin.
Conclusion:
Nearest Support: 91,200 - 92,800.
Short-term resistance: 95,400. If the price breaks through, the next target could be 98,034 or higher.
Strategy:
If the price breaks through the resistance line with strong volume, consider buying short-term.
Conversely, if the price is rejected at the resistance zone, watch the support zones below for opportunities.