Bitcoin is walking a tightrope—stuck between $94,200 - $102,500 with $98,350 acting as the key pivot. Break & hold = 102K test. Rejection = potential drop to range lows.
1️⃣ Key range: $94,200 - $102,500
2️⃣ Election VWAP defense
3️⃣Short-term signals
4️⃣ The game plan?
1️⃣ Key range: $94,200 - $102,500
- BTC can't break above $98,350 for half a month—building pressure.
- A clean breakout opens the door to $102K.
- Failure = possible sweep of range lows.
2️⃣ Election VWAP defense
- Bulls aggressively defending this level—a break could trigger fast downside.
- But so far, it’s holding like a fortress.
3️⃣Short-term signals
- Market structure shift (MSB) on the 1H chart.
- Demand zone slightly below current levels—possible liquidity grab for re-entry.
- 12H time frame also hints at a reversal setup.
4️⃣ The game plan?
- Hold above $98,350 = bullish breakout confirmation.
- Lose 12H support & election VWAP = watch for $94,200 retest.
- Patience > overtrading—market is moving like a coiled spring.
- How are you positioning? Waiting for a break or taking range trades?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.