After an explosive overnight rally, Bitcoin surged straight through resistance and touched the 96,400 level — but the euphoria might be short-lived. While the move was impressive, it now appears the bulls are running out of steam, and momentum is starting to wane. The K-line pattern reflects a classic sign of market exhaustion, with the upward movement slowing down visibly, hinting at an inevitable pullback.
This is not the time to hesitate. The market has rebounded exactly as expected, reaching a technical zone where sharp traders are now stepping in with short positions. As the price presses up against the 96,900 ceiling, signs point toward a potential reversal. The opportunity is here — and real traders know: when the window opens, you act.
Morning analysis suggests a clear game plan: short on the rebound between 96,400 and 96,900, targeting a drop to the 94,000–93,500 range. This isn’t just speculation; it's a strategic response to fading bullish momentum and clear resistance overhead.
The broader sentiment? Bitcoin’s upward push may have burned too bright, too fast. With no new fuel in sight, a decline seems not just possible — but likely. Are you ready for the drop?