$BTC is under short-term bearish pressure as it trades below critical moving averages and hovers near support.
Key Watch Levels:
Break below $94,820 may lead to further downside, potentially testing $94,000.
Recovery above $95,740 (MA25) could attract buyers and push the price toward $98,130 resistance.
Trading Strategy:
For Bulls: Wait for a clear breakout above $95,740 and confirmation of bullish momentum before entering.
For Bears: Short positions may be considered if BTC breaks below $94,820 with strong volume.
Support and Resistance Levels:
Support: $94,820.41 (24-hour low)
Resistance: $98,130.00 (24-hour high), followed by the psychological level at $100,000.
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