Part 3$BTC

1. Key Resistance Level: 97,624.62

What to Watch:

Price needs to break above this level with increased volume for confirmation.

Look for a green candlestick closing above this level (preferably on the 4H or 1D timeframe).

Next Target (if broken):

99,500-100,000 zone. This area acts as psychological resistance.

2. Key Support Levels: 96,000 & 94,236

96,000: Immediate Support

A break below this could lead to a retest of the 94,236 (MA99) level.

94,236: Strong Support

Watch for signs of reversal at this level. Look for hammer candles or bullish divergences on MACD/KDJ for confirmation of a bounce.

3. MACD – Momentum Indicator

What to Watch:

If the histogram starts growing taller (more green bars), it signals increasing bullish momentum.

If the MACD line crosses below the signal line (bearish crossover), expect downside continuation.

4. KDJ – Reversal Indicator

What to Watch:

If the K line crosses above the D line, it’s a bullish signal. Combine this with price action near support/resistance to confirm direction.

If the J line (29.55) starts turning upward sharply, a bounce is likely.

Visualizing Scenarios:

Bullish Scenario:

Look for price closing above 97,624 with a sharp MACD histogram increase.

Stochastic oscillator (KDJ) crossover confirms momentum.

Target zones: 99,500 - 100,000.

Bearish Scenario:

Price falls below 96,000 with high volume.

MACD bearish crossover confirms further downside.

Target zone: 94,200, with potential to dip to 90,791 (previous low).

Suggested Action Plan:

1. If Bullish Bias:

Entry above 97,000 with confirmation.

Stop-loss: 95,500.

Target: 99,500–100,000.

2. If Bearish Bias:

Entry below 96,000 with confirmation.

Stop-loss: 97,500.

Target: 94,200.