📊 $BTC: The $92,000 Battle & What's Next 📊
Bitcoin is currently consolidating around the $90,000 level, facing a critical battle at the $92,000 resistance. The market sentiment is cautious, with the Fear & Greed Index in the 'Fear' zone, which can sometimes be a contrarian bullish signal.
Key Levels to Watch Today:
Immediate Resistance: $92,000 - A decisive break here is needed for upward momentum.
Major Supply Zone: $100,000 to $102,000 - The next big hurdle if resistance is broken.
Critical Support: $87,000 to $85,000 - Key downside levels to prevent further correction.
My Take:
The current price action is building energy for the next major move. While short-term volatility persists due to macro factors and ETF outflows, long-term institutional demand remains strong, providing a solid fundamental foundation. I'm watching closely for a confirmed break above $92,000 before entering new long positions.
Trade smart and use these levels! 👇
