$XRP Bitcoin at Major Resistance: Is a Pullback Coming?
Bitcoin is currently trading at a strong resistance level near 103K,after bouncing from support at 102.3K.
Many traders who avoided buying at $75K are now FOMO-ing in, increasing the risk of a reversal.
Short-term bullish signals suggest a possible push to $104.7K, but overall indicators show bearish divergences.
A rejection at resistance could lead to a drop toward $93K, where many leveraged longs would get liquidated.
Trading Strategy:
Short-term: If Bitcoin pushes higher to $104.7K, watch for a rejection as a potential shorting opportunity.
Long-term: A break below $93K could trigger a deeper correction, presenting a better buying opportunity later.
Altcoins: $XRP is nearing a weekly resistance at $2.4381, where a rejection could offer a short setup.
Market Sentiment
Greed is high at resistance, a classic sign of a potential top.
Liquidation clusters above $104.4K could lead to a fake breakout before a reversal.
