#BTC Quick Snapshot
Bitcoin has pulled back into the $94,000 – $96,000 zone, which is a significant “macro‑demand” region in recent trading.
On the daily chart, BTC is trading under both its 100‑day and 200‑day moving averages — these now act as resistance rather than support. ¯
Sentiment & structure are showing signs of weakening: Some analysts call this a possible early phase of “capitulation”.
🔍 Key Technical Levels
Support: $94,000 – $96,000 — this level corresponds with prior accumulation by mid‑term holders.
Resistance: Around $101,000‑$103,000 is a barrier BTC must overcome to regain momentum.
If the support breaks, next major zone to watch is ~$80,000‑$82,000.
🧠 What to Watch
On‑chain signals: Realised price of 6‑12 month coin holders sits around $94,000‑$96,000 — their holding makes the zone a potential pivot.
Short‑term holders: Those holding 1‑6 months are below breakeven — meaning they may exit at any strength, adding selling pressure.
Watch for whether BTC can break above the $101K‑$103K zone — if yes, we could see a rebound. If no, the risk of deeper correction increases.
🎯 My View (Short Term)
Given the indicators:
Bitcoin is in a precarious position: While the $94K‑$96K range offers support, the failure to reclaim higher levels and existing bearish structure suggest caution.
If buyers defend this zone, we might see a consolidation or gradual recovery.
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