🔴 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:
📉 Minor rejection seen exactly at this resistance zone. Today's candle shows hesitation small body after a rally = possible slowdown.
Support Levels:
🟢 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:
🔥 Volume during breakout was high = good sign.
But latest candles show slight decrease in volume = means momentum cooling near resistance.
Short-term:
➡️ BTC is bullish above $90,000.
➡️ But facing heavy resistance at $95K–$96K.
➡️ Expect either:
a small pullback (towards $90K–$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:
🎯 If $96K breaks with strong volume, BTC could push to:
$100,000 (psychological)
$104,000–$106,000 range next.
Risk:
⚡ If BTC fails to hold $90,000 support = possible slide back towards $86,000.
Strategy Suggestion
If you're trading short-term:
👉 Wait for a clear breakout above $96K with strong volume confirmation before buying.
👉 Or wait for a pullback around $90K–$91K to consider a safer entry.
If you're holding spot long-term:
🚀 Still looking healthy after wedge breakout. Only panic below $86K.
