Current Price: 96,227.37 USDT (+1.38%)

Symbol: $BTC

Exchange: Binance

Overview:

Bitcoin has been pressing against a critical resistance zone between 95,400–95,800 USDT, an area where previous attempts to break higher have consistently failed. Despite repeated rejections, the overall structure remains bullish, supported by a rising trendline and a sequence of higher lows on higher timeframes.

Market Structure:

Recent price action reveals a tight consolidation just beneath resistance, suggesting a battle between buyers and sellers. Wicks into the upper range indicate attempts to break higher, but without a decisive candle close above resistance. Meanwhile, the 93,000–93,800 USDT zone has emerged as key support, aligning with the ascending trendline — a potential area for a liquidity sweep and bullish rebound.

Bullish & Bearish Scenarios:

Bullish Case:

A pullback into 93k–93.8k may clear out late buyers and reset open interest.

If this level holds and the ascending trendline remains intact, expect a strong bullish push.

A confirmed breakout and close above 95,800 USDT could trigger stop hunts and momentum buying, opening a path toward 105,000 USDT.

Bearish Risk:

If $BTC breaks below both the green support zone and the trendline, it would invalidate the bullish thesis in the short term.

This could lead to a deeper correction and delay any breakout scenario.

Strategy & Plan:

I'm currently not entering new positions into resistance. Instead, I’m watching for a pullback to 93,000–93,800 USDT, which may offer a strong long opportunity if buyers defend the level and momentum returns. The key confirmation will come from how price behaves at that support zone and again at 95,800.

Final Thoughts:

Bitcoin looks ready to rebalance in the short term before making another run at a macro breakout. As long as the ascending trendline holds, dips into support could present excellent risk-reward setups for continuation trades toward six-figure targets.

Trade safe and manage your risk.

Stay tuned for live updates.

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