$BTC Market Analysis & Prediction 🧐🔍🔎
📊 Market Insights:
$BTC has shown a significant pullback from the $100,000 psychological resistance level, now testing key support around $95,000. The daily chart highlights an upward channel that remains intact, but bears are attempting to breach critical support zones.
Key Resistance Levels:
$98,000 - $100,000: Strong resistance; needs a breakout for bullish momentum.
$105,000: Long-term resistance zone to watch for a sustained rally.
Key Support Levels:
$95,000: Current support; a break below could lead to further downside.
$90,000: Major support for the bulls to defend the upward trend.
🔮 Prediction:
Bullish Scenario:
If BTC holds above $95,000 and reclaims $98,000, a retest of $100,000 and beyond is likely. Breaking $105,000 could signal the continuation of the larger uptrend.
Bearish Scenario:
A breakdown below $95,000 could lead to increased selling pressure, targeting $90,000 as the next major support.
📌 Suggested Strategy:
For short-term traders, watch the $95,000 level for potential scalping opportunities.
For long-term holders, maintain positions while monitoring the $90,000 support zone for accumulation opportunities.
#BTCUSDT #CryptoAnalysis #Binance #TradingStrategy #BTCOutlook