Current Market Status:
Price: Trading near $97,000, below the $98,000–$100,000 resistance zone.
Weekend Movement: Recovered 10% of losses, but some gains have been retraced.
Directional Bias: Neutral, as BTC consolidates under key resistance.
Key Levels to Watch
Upside Targets (If BTC Reclaims $100K as Support)
$103,000–$108,000 → Next resistance zone, a breakout above this could trigger further upside.
$115,000+ → Potential medium-term target if bullish momentum strengthens.
Downside Support Levels (If BTC Fails to Hold 97K–$100K Zone)
$91,000–$95,000 → Immediate support range, likely to attract buyers.
$85,000–$87,500 → Stronger support in case of deeper correction.
Market Outlook & Trading Strategy
Bullish Scenario:
A confirmed breakout above $100,000 would shift momentum toward $103,000–$108,000.
Sustained price action above $100K would indicate strength, supporting further rally potential.
Bearish Scenario:
If BTC fails to hold current levels, expect a pullback to $91,000–$95,000.
A break below $91K could expose BTC to $85,000–$87,500 support levels.
Final Thoughts
BTC remains at a critical juncture, with $100K acting as a key decision point. Traders should monitor price action closely for confirmation of either a breakout (bullish) or a rejection leading to further downside (bearish) before positioning for the next major move.
Price: Trading near $97,000, below the $98,000–$100,000 resistance zone.
Weekend Movement: Recovered 10% of losses, but some gains have been retraced.
Directional Bias: Neutral, as BTC consolidates under key resistance.
Key Levels to Watch
Upside Targets (If BTC Reclaims $100K as Support)
$103,000–$108,000 → Next resistance zone, a breakout above this could trigger further upside.
$115,000+ → Potential medium-term target if bullish momentum strengthens.
Downside Support Levels (If BTC Fails to Hold 97K–$100K Zone)
$91,000–$95,000 → Immediate support range, likely to attract buyers.
$85,000–$87,500 → Stronger support in case of deeper correction.
Market Outlook & Trading Strategy
Bullish Scenario:
A confirmed breakout above $100,000 would shift momentum toward $103,000–$108,000.
Sustained price action above $100K would indicate strength, supporting further rally potential.
Bearish Scenario:
If BTC fails to hold current levels, expect a pullback to $91,000–$95,000.
A break below $91K could expose BTC to $85,000–$87,500 support levels.
Final Thoughts
BTC remains at a critical juncture, with $100K acting as a key decision point. Traders should monitor price action closely for confirmation of either a breakout (bullish) or a rejection leading to further downside (bearish) before positioning for the next major move.
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.
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.