$BTC Facing Strong Resistance, Potential Rejection Next Days! 🐻📉
On the 1h timeframe, $BTC is currently trading at $94,040, showing a slight decrease of -0.23%. The 24h high reached $95,448 encountering significant resistance. The trading volume stands at 18.676K #bitcoin and 1.76B USDT. The chart suggests a potential rejection at the current resistance levels in the coming days.
✅ Key Observation:
#BTC is facing strong resistance around its recent highs, indicating a possibility of downward pressure and rejection.
Next Potential targets (Bearish Scenario):
🎯 $93,442 (immediate support level)
🎯 $92,000 (potential next support level)
🎯 $91,444 (further significant support level)
🎯 $90,000 (key psychological support)
🛡️Key Resistance Level (potential rejection zone):
🛡️ $95,448 (24h high - strong resistance)
🛡️ $96,000 (potential further resistance)
🛑 Stop Loss (for potential short positions):
Consider setting a stop loss above the recent high, perhaps around $95,800 to protect against unexpected upward movement.
Trade cautiously on $BTC