#BTCBackto100K Your analysis touches on some key technical levels and sentiment shifts. Here's a concise breakdown of your points with a bit of added structure:
Current Market Overview:
BTC Price: $102,630 (+3.84%)
Momentum: Rapid upward wave; bullish pressure is strong.
Key Resistance:
Target Resistance Zone: Around $105,000
This coincides with the liquidation zone for shorts placed between $92,000–$94,000.
A potential psychological and technical barrier.
Strategy Suggestions:
Bullish Approach:
Consider taking profit near the resistance.
Watch for signs of exhaustion or divergence before re-entering long.
**Bearish Setup