🚨 The
$BTC is going to drop or is it the last chance before $100K? 🚨
Bitcoin is testing investors' patience! After reaching a local high of $97,924, the price has retraced to the $95,834 range. Are we facing a trap for 'weak hands' or a necessary correction?
📊 WHAT DOES THE CHART TELL US?
Exponential Moving Averages (EMA) of 7, 25, and 99 periods remain aligned in an uptrend, signaling a sustained bullish trend. However, the MACD recently showed a bearish crossover, suggesting a short-term loss of momentum. The RSI reached overbought levels at 75.42, justifying the current profit-taking.
🏦 BIG MONEY IS COMING IN!
While the chart shows volatility, institutions are actively clearing the market. Yesterday, spot Bitcoin ETFs recorded a massive net inflow of $840.6 million, adding to the $753.7 million on January 13.
🎯 MY TRADE STRATEGY:
Entry Point: Between $95,500 and $95,800 (taking advantage of local support).
Critical Support: $95,435 (recent 24-hour low). If broken, the next strong support is at $94,150.
Key Resistance: $97,924 (the peak to break in order to target $100K).
Stop Loss (SL): $93,800 (below liquidity zones to avoid 'whipsaws').
Take Profit (Gain): $99,800 (psychological target before the $100K barrier).
⚠️ RISK: The delay in the U.S. Senate's vote on crypto market structure introduces regulatory uncertainty.
👇 COMMENT BELOW: Are you buying this dip or waiting for $92K? Rocket 🚀 or Abyss 📉?
#bitcoin #BTC #BinanceSquareFamily #Bullrun #stoploss