Bitcoin Post Crash Analysis | Support & Resistance | Trade Setup

Technical Analysis
Bitcoin is currently trading at $93,805, showing a slight decline of 1.38% on the daily chart. The price is near the lower Bollinger Band ($91,444), indicating potential oversold conditions. The 20-day SMA ($96,193) serves as immediate resistance, while the upper Bollinger Band ($100,943) is a critical resistance zone for the bullish breakout.

Key support levels are
$91,500: Close to the lower Bollinger Band.
$88,000: A significant zone of previous consolidation.

Key resistance levels are
$96,200: The 20-day SMA.
$100,900: The upper Bollinger Band.

The price action suggests that Bitcoin may reverse its current bearish momentum if support at $91,500 holds.

Fundamental Analysis

Market Sentiment
Despite the short-term dip, long-term sentiment remains bullish due to increasing adoption and institutional interest.

Macro Environment
A dovish Federal Reserve stance and the broader adoption of Bitcoin as a hedge against inflation continue to support demand.

Network Strength
Bitcoin's hash rate remains at all-time highs, indicating strong miner confidence and network security. On-chain data shows an increase in long-term holders, reducing sell-side pressure.

Bullish Trend Outlook
If Bitcoin holds $91,500, it could rally to $96,200 and potentially break through to $100,900. A sustained move above the psychological level of $100,000 may lead to a rally toward $110,000 in the medium term.

Trade Setup of $BTC
Trade Type: Long
Entry Point: $92,000
Take Profit (TP):TP1: $96,000
TP2: $100,900

Stop Loss (SL): $89,500
Risk-to-Reward Ratio: 1:3
This setup balances risk while targeting key levels. Proper risk management is essential in this volatile market.
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