Bitcoin’s been on a tear lately, flying past $93K and even brushing up against $94.9K. The energy is real — green candles stacking like pancakes — but hold up. Let’s breathe for a second and break this down before FOMO does the trading.

So, what’s happening?

$BTC is hovering around $93,500, up 0.8% today — a sharp climb from its $74K low. But it’s heating up fast. RSI is above 70 across the board, signaling overbought conditions. A pullback could be near.

Resistance Levels to Watch

• $94,900 – $95,900: We’re basically sitting at this level now. Could be the top for the day if BTC loses steam.

• $97,900 – $100,000: Big psychological zone. Bulls will definitely aim for it, but this could be a trap.

• $110,000: This one’s ambitious. More for swing trades, not today’s game.

Support Levels (in case things flip)

• $91,400: First test — MA99 on the 1D. Good level for cautious long re-entry.

• $88,900: MA7 zone. Momentum should hold here if bulls are serious.

• $85,000: Deeper dip territory. If this breaks, the pump might’ve been fake.

Trade Ideas

Long? If You Must…

• Entry 1: $91,400

• Entry 2: $88,900

• Stop Loss: $85,000

• Target: $94,900 → $97,900 → $100K

This is the bounce trade setup. Wait for a dip — don’t chase a candle that’s already left the station.

Short? For the Brave

• Entry 1: $94,900 (tight setup)

• Entry 2: $97,900 (risky but juicy)

• Stop Loss: $100,200

• Target: $91,400 → $88,900

Great if BTC rejects and volume fades. But keep it tight — this market punishes slow exits.

Final Thoughts:

BTC looks strong, but it’s running into resistance. If you’re in, maybe take some profit. If not, wait for a better entry — chasing green candles rarely ends well.

Disclaimer:

Not financial advice. Just a trader’s view — always DYOR, use stops, and trade smart.