$BTC Bullish and Bearish Scenarios
Bullish Scenario:
Immediate Target: Break above the resistance at $93,905.51.
Next Target: $95,000, which may serve as psychological resistance.
Long-Term Target: If momentum continues, BTC could aim for $98,000 to test the $100,000 threshold.
Confirmation:
A breakout above $93,905.51 with strong volume would confirm the bullish trend.
Bearish Scenario:
Key Support Levels:
Immediate Support: $92,695.78 (recent consolidation area).
Next Support: $91,957.55 (previous breakout point).
Critical Support: $91,320.00, where major buyers stepped in.
Targets:
If BTC fails to maintain support at $92,695.78, it could drop to $91,957.55 or lower.
Breaching $91,320.00 could lead to a deeper pullback to $90,975.80 (24-hour low).
Confirmation:
A break below $92,695.78 with increased selling pressure would confirm a bearish reversal.
Trading Advice:
For Bullish Traders: Consider entering on a confirmed breakout above $93,905.51, targeting higher resistance levels.
For Bearish Traders: Watch for a rejection near the $93,905.51 resistance or a break below $92,695.78 to consider shorting opportunities.
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