$BTC
The current market trend is bullish, as price is trading above key moving averages (MA7, MA25, MA99) and showing strong upward momentum. However, the RSI (Relative Strength Index) is above 70, indicating overbought conditions, which could lead to a short-term pullback or consolidation.
From the order book depth chart, significant resistance is observed near the 94,722–95,500 range, where a large cluster of sell orders exists. This suggests that breaking above this level may require strong buying volume. On the buy side, there is also strong support around the 93,000–93,500 zone, indicating that buyers are actively defending this range.
If the price breaks and holds above 95,500, the next target could be 97,000 to 100,000. On the downside, if the price fails to sustain and falls below 94,000, it may retrace toward 91,000 or lower.
