Bitcoin$BTC is currently moving near important price levels. There is a lot of buying and selling interest around $94,000, which makes it a strong resistance zone. At the same time, another big liquidity area exists below $90,000, acting as strong support.
Today and tomorrow are very important for the market. Key U.S. economic data is being released, including:
CPI (inflation data)
PPI (producer price data)
U.S. home sales numbers
These reports often cause strong price moves in Bitcoin. If the data surprises the market, $BTC could either break out strongly or move down to collect liquidity.
Because of this, traders believe the next major move is very close. There is not much time left, so many are looking for good entry opportunities today before the market makes its big decision.
⚠️ As always, manage risk and wait for confirmation before entering trades.
