$BTC
🛑 Urgent Market Update 🛑
Bitcoin closed negatively today, even though MicroStrategy announced a major upcoming buy earlier. This could cause some price swings tomorrow.
Right now, Bitcoin is around $94,000. Since it climbed from the $83,900 area, we might see some profit-taking soon. A short-term correction to $88,000 or $87,000 is possible before a potential sideways move toward $98,000 — the strongest resistance for now.
Bitcoin recently passed $95,500 but couldn’t hold above the $95,000 resistance, which shows weakness. If this trend continues, a bigger correction down to $80,000 could happen next month to retest the downtrend.
Also, there are less than 90 days until the U.S. tariff suspension ends. With the U.S. dollar weakening, the pressure is on. The big question: Will Fed Chair Jerome Powell step in to help the markets or focus on inflation and keep interest rates high?
Expect fast and unpredictable moves next month — stay alert and trade carefully.