Smart Money’s Play Zone”
Here’s what I’m seeing: Bitcoin just broke above a key resistance level, marked by the green downward-sloping line. This could indicate some bullish momentum, but we need to be cautious—it might be a false breakout if it doesn’t hold above $98,200.
Now, check out the white parallel lines—they form a descending channel, and those arrows point to critical support levels at $97,401 and $96,403. If Bitcoin retraces, those are the areas where we might see a bounce or consolidation.
Right now, we’re at a decision point. If the breakout holds, we could see more upside. But if selling pressure kicks in and it drops back below $97,401, it’s likely heading down toward $96,403. Either way, I’m watching these levels closely for the next move.
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