$BTC Market Structure & Trend
Overall Bias: Strong bullish
BTC is making higher highs and higher lows, confirming a short-term uptrend.
The recent move shows a bullish impulsive rally from the 92,000–93,000 region toward 96,800+, followed by consolidation.
Key Levels
Resistance:-
96,800 – 97,000 (Major resistance)
Price was rejected here, indicating strong supply / profit booking.98,000 (Psychological & breakout extension level)If 97k breaks with volume, this becomes the next magnet.
Support
95,000 – 94,800 (Immediate support)
Current consolidation zone.Holding above this keeps bullish structure intact.94,000 (Intraday structural support)Breakdown below this weakens momentum.92,000 – 91,500 (Major demand zone/safe buy zone)Previous accumulation and breakout base.
Price Action Insight:
BTC showed a strong bullish breakout candle near 94,500–95,000 with increased volume.
After hitting 96,846, price entered a tight consolidation, forming a bullish flag / pennant.
This behavior suggests continuation, not reversal (unless support breaks).
Volume Analysis:-
Volume expanded during the breakout, confirming institutional participation.During consolidation, volume has cooled off, which is healthy.No major bearish volume spike yet which indicates selling pressure is controlled.
Momentum & Market Psychology:-Bulls are in control, but Short-term traders are taking profits near resistance.Smart money is likely waiting for either:A clean breakout above 97k, orA pullback to support for re-entry.
Possible Scenarios:- Bullish Continuation (High Probability),hold above 95,000 and break and close above 96,800:-
Targets:
97,800
98,500 – 99,000
⚠️ Short-Term Pullback (Healthy Correction)
Rejection from 96,800
Retest:94,800 and 94,000.As long as price stays above 94k , trend remains bullish.
Bearish Breakdown (Low Probability for now)
Strong rejection + high volume selloff
Break below 94,000
Targets:
92,500
91,000
⚠️No finencial advice.