BTC/USDT: Pressure Building Below the $100K Breakout Wall?
Price: $98,813
24H High/Low: $99,374 / $96,988
RSI (14): 67.38 → Near Overbought
Structure: Rising wedge rejection near key diagonal resistance!
Technical Breakdown:
1. Chart Structure:
BTC respected the rising trendline but just rejected hard at $99.3K.
A local bearish divergence on RSI is forming — signaling momentum slowing near resistance.
2. Key Supply Zone:
Heavy resistance just under $100K remains untouched.
Failed to close above $99.3K = potential bull trap territory.
3. Support Reclaim:
Previous gray zone around $94.5K acted as a springboard.
Bulls must hold above $96.5K or risk a flush to the $92K range.
Key Zones:
Major Resistance: $99.3K – $100K
Support Range: $96.5K – $94.5K
Breakout Target: $102K+
Breakdown Risk: Below $94.4K = dip to $91K
Most Likely Move:
Short-Term Pullback
Unless BTC breaks above $99.5K with a full-bodied 4H candle, expect a dip for liquidity. RSI shows exhaustion — a cool-off to $96K could be healthy.
Trade Idea:
> Short Setup (Scalp):
Entry: $98.9K – $99.2K
Target 1: $96.5K
Target 2: $94.2K
SL: $100.3K
RR Ratio: 1:2+
Confirmation: 4H rejection candle below $98.5K
Final Word:
BTC bulls are fighting the $100K ceiling — but momentum is stalling. If this trendline fails, we could see a fast drop to reload zones before the final breakout leg.
Will BTC smash $100K next? Or are we looking at a fake-out zone again?
Follow for live signals, early reversals, and whale breakouts!
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