BITCOIN LONG AND SHORT TRADE SETUP

$BTC is trading around $94,695, reflecting a 0.6% intraday gain. Here's a concise trading setup based on current market conditions:​

📊 Key Technical Levels

Support Zone: $93,620–$93,715. This range has shown strong buyer interest, serving as a critical support area. ​

Immediate Resistance: $95,930, identified as the Point of Control from recent sessions, acting as a price magnet. ​

Breakout Threshold: $95,000. A sustained #move above this level could signal a breakout, potentially targeting six-figure prices. ​

🧭 Trading Strategies

🔹 Long Position

Entry: Consider entering near the support zone ($93,620–$93,715) if price action confirms a bounce.​

Target: $95,930, with potential to extend towards $96,590 and $96,985 if momentum continues. ​

Stop-Loss: Below $93,620 to manage risk.​

🔹 Short Position

Entry: If #BTC fails to break above $95,930 and shows signs of reversal, consider shorting with confirmation.​

Target: $94,670, with further downside to $94,055 and $93,730 if selling pressure increases. ​

Stop-Loss: Above $96,000 to limit potential losses.​

🔍 Market Sentiment

Analysts note that Bitcoin is exhibiting strong bullish momentum, with potential to challenge all-time highs amid increasing capital inflows. However, caution is advised as momentum indicators suggest the market is nearing overbought conditions. ​