BTC’s $97,600 Barrier: The Turning Point for a Market Reversal?
If BTC fails to break the key resistance level of $97,600, it’s likely to trigger further downside across the broader crypto market. Here's how this scenario could play out:
🔎 Scenario Breakdown:
BTC Rejection at $97,600:
If BTC struggles to break this resistance, it indicates weaker bullish momentum.
This would signal profit-taking by larger traders and short-term bearish pressure.
Key Support Levels to Watch:
$92,500 to $90,000: The next major support zone.
$86,000: If BTC falls below $90K, we may see a larger correction to this level.
$82,000: The final defense line before a deeper correction occurs.
💡 Market Sentiment Analysis:
A failure to break $97,600 could lead to a chain reaction of liquidations.
Altcoins will also experience sharp sell-offs.
Dominance will increase as traders rush into stablecoins to protect their capital.
📊 Trading Strategy:
Short-Term Bearish: Enter short positions if BTC gets rejected at $97,600.
Take Profit Levels for Shorts:
$92,500
$90,000
$86,000
Long-Term Accumulation: If BTC drops to $82,000 or lower, it's a good zone for spot buys.
🛠 Risk Management:
Set stop-losses on long positions above $97,600.
Use trailing stops if you're holding short positions.
$BTC
