๐ด BTC has hit a major horizontal resistance around $95,000 - $96,000 (highlighted by the red box).
This was a strong previous support back in January-February 2025, now acting as resistance.
Price Reaction:
๐ Minor rejection seen exactly at this resistance zone. Today's candle shows hesitation small body after a rally = possible slowdown.
Support Levels:
๐ข Immediate support now sits around $90,000 (round number psychological level and breakout retest area).
If more selling pressure comes, deeper support = around $86,000 (mid-channel level).
Volume & Momentum:
๐ฅ Volume during breakout was high = good sign.
But latest candles show slight decrease in volume = means momentum cooling near resistance.
Short-term:
โก๏ธ BTC is bullish above $90,000.
โก๏ธ But facing heavy resistance at $95Kโ$96K.
โก๏ธ Expect either:
a small pullback (towards $90Kโ$92K) before trying again to break higher, or
if strong buyers step in, a breakout above $96K, opening door to $100K+ targets.
Mid-term Targets:
๐ฏ If $96K breaks with strong volume, BTC could push to:
$100,000 (psychological)
$104,000โ$106,000 range next.
Risk:
โก If BTC fails to hold $90,000 support = possible slide back towards $86,000.
Strategy Suggestion
If you're trading short-term:
๐ Wait for a clear breakout above $96K with strong volume confirmation before buying.
๐ Or wait for a pullback around $90Kโ$91K to consider a safer entry.
If you're holding spot long-term:
๐ Still looking healthy after wedge breakout. Only panic below $86K.