#RiskRewardRatio

1. **Current Price Action**:

- Bitcoin (BTC) is testing **$86,000–87,000**, nearing its 200-day Simple Moving Average (SMA) at **$87,566**, a critical bull market support/resistance level.

- A decisive break above this SMA could pave the way for a retest of **$97,000**, a major resistance zone since January’s all-time high.

2. **Trader Sentiment**:

- **Skepticism persists** despite recent gains. Traders question whether the breakout signifies a genuine trend reversal or short-term volatility.

- Rapid shifts in sentiment (from bearish calls for $50k to bullishness on green candles) highlight emotional trading risks. Analysts warn against impulsive decisions.

3. **Technical Resistance Hurdles**:

- **Key levels to watch**:

- **$87,566 (200-day SMA)**: Breakout here could target $90k+.

- **$97,000**: A clear breach would open the path to **$110k+ by late summer**, per Stockmoney Lizards.

- Failure to hold gains may lead to retracement,