$BTC Your analysis highlights a few key market dynamics:
1. BTC reaching $98,800 suggests strong buying interest.
2. Powell's bearish speech not causing a drop indicates that negative macro news may already be priced in or that bullish momentum is overpowering fundamentals right now.
3. Price holding above $95,700 is indeed a strong support signal, showing resilience.
4. Breakout past $99,000 without a proper pullback could be a bull trap (false breakout), as true breakouts often need consolidation to be sustainable.
If BTC pushes above $99,000 with no volume confirmation or retest of support, your skepticism is warranted — it could be liquidity hunting before a reversal.
Would you like help identifying potential support/resistance zones or setting up a trading plan?