Bitcoin is currently trading inside a range after breaking the ascending channel structure. The bullish momentum has weakened, and price is now respecting a descending supply line, showing sellers are in control.
A clear breakdown from the range confirms short-term bearish bias. Price is likely to move toward the demand zone around 94,000 – 93,900, where buyers may step in for a reaction.
If demand holds, we could see a bounce. If it breaks, expect further downside continuation.
Key Levels:
Supply / Resistance: 97,600 – 98,000
Current Range: 95,000 – 96,200
Demand / Support: 94,000 – 93,900
Bias:
📉 Bearish below supply
📈 Bullish only if strong demand reaction appears
Risk Management:
Always wait for confirmation at demand zone.
Use tight stop-loss below demand to protect capital.
Never risk more than 1–2% per trade.
A clear breakdown from the range confirms short-term bearish bias. Price is likely to move toward the demand zone around 94,000 – 93,900, where buyers may step in for a reaction.
If demand holds, we could see a bounce. If it breaks, expect further downside continuation.
Key Levels:
Supply / Resistance: 97,600 – 98,000
Current Range: 95,000 – 96,200
Demand / Support: 94,000 – 93,900
Bias:
📉 Bearish below supply
📈 Bullish only if strong demand reaction appears
Risk Management:
Always wait for confirmation at demand zone.
Use tight stop-loss below demand to protect capital.
Never risk more than 1–2% per trade.
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