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Title: Is Bitcoin Gearing Up for a Breakout or Fakeout? Let’s Analyze the Signs.

Post:

Bitcoin is currently consolidating around the $97K level with a noticeable increase in volume and RSI climbing toward the overbought zone. The 4H chart shows a strong bullish engulfing candle closing above the EMA25, while the daily chart is attempting to reclaim its short-term trendline.

But here’s the question:

Are we preparing for a clean breakout above $98K–$100K resistance…

Or will this move trap late longs before a sudden dump?

Key Levels to Watch:

Resistance: $98,000 / $100,200

Support: $94,300 / $92,500

RSI: Watching 70+ breakout or bearish divergence

MACD: Turning bullish, but needs confirmation on higher TFs

My Opinion:

Until we see a clean close above $98K with strong volume and confirmation on the 1D chart, I remain cautious. This could still be a liquidity grab before a reversal.

What do you think? Are you bullish or waiting for the shakeout? Drop your thoughts below.

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