#bitcoin Market Outlook
Bitcoin continues to respect its key support zone despite the low overnight volatility, indicating a market in wait-and-see mode. Price action remains muted, with traders likely eyeing the U.S. equities open or upcoming macroeconomic data for directional clarity.
Technically, #BTC☀ is still trading within a rising wedge pattern, a formation that typically suggests weakening momentum. Each approach toward the $95,000 resistance zone has been met with strong rejection, reflecting minimal buying pressure at higher levels.
If this pattern breaks to the downside, traders should be prepared for a swift drop toward the $90,000 zone, which aligns with the wedge’s projected target and historical demand.
Summary:
Market is indecisive, awaiting a trigger
Rising wedge still intact, momentum fading
Watch for rejection around $95K or a breakdown to $90K
Patience and tight risk management are key right now
