According to the BTC chart, the price is currently around $94,500. Several important points can be highlighted on the daily timeframe.
1. Support level The price previously touched the area around $91,500, which can be considered local support.
2. Resistance level The area around $95,000-$96,000 looks like the nearest resistance.
3. Trend A recent downward trend is visible on the chart, but the current price has stabilized.
Possible entry points
(long) If the price holds above $94,000 and breaks the resistance level of $95,000 with confirmation!
(short) If the price drops below $91,500, this may confirm the continuation of the downward movement.