$BTC has been moving for a long time in a narrow range between $92,690 and $98,821. There is currently an attempt to break upwards — the price is trying to return to the zone of $95,000 – $99,000, which was previously strong support but has now become a resistance zone. Sellers are active here, and the breakout may be difficult.
Expectations:
The rise may continue until May 1, after which a correction is likely. The current upward movement may be short-term and end within resistance.
Key levels:
• Resistance: $95,000 – $99,000
• Support: $92,690 and below, on a pullback
Fundamental risks (high volatility):
• April 30 (Wednesday):
• Employment report
• US GDP (preliminary data, Q1)
• PCE Index (key inflation indicator)
• May 2 (Friday):
• Non-Farm Payrolls
• Unemployment rate
Strategy:
• Take partial profits if the price approaches the upper resistance boundary
• Wait for a reaction to the macroeconomics — sharp movements are possible
• Upon signs of a pullback — consider shorts with a short stop