๐ง $BTC Market Analysis & Prediction
๐ Current Stats:
Price: 97,278.61 ๐
Daily Change: -1.05%
๐ Market Insights:
$BTC has pulled back from the $100,000 psychological resistance level and is now testing key support around $95,000. The upward channel on the daily chart remains intact, but bears are challenging critical support zones.
๐ Key Resistance Levels:
$98,000 - $100,000: Major resistance; breaking through could reignite bullish momentum.
$105,000: Long-term resistance to watch for a sustained rally.
๐ก๏ธ Key Support Levels:
$95,000: Crucial support; a breakdown here could lead to further downside.
$90,000: Strong support zone for bulls to defend the uptrend.
๐ฎ Predictions:
Bullish Scenario:
Holding $95,000 and reclaiming $98,000 sets up a potential retest of $100,000.
Breaking $105,000 could confirm a continuation of the larger uptrend ๐.
Bearish Scenario:
A breakdown below $95,000 may trigger selling pressure, with the next target at $90,000.
๐ Suggested Strategy:
For Short-Term Traders:
Keep an eye on $95,000 for quick scalping opportunities.
For Long-Term Investors:
Hold positions and monitor $90,000 as a key level for accumulating more.
