$BTC is consolidating near 93.7K after touching 95K highs, showing a healthy pullback within a strong uptrend. Price is testing MA7 support while sitting well above the MA25 and MA99. The structure remains bullish with ascending MAs and higher lows. This looks like a standard retest before potentially pushing toward the psychological 100K level. Watch for a bounce here or a dip to 92K for better entry.
The setup favors continuation if BTC holds above 93K. The 100K magnet is close, and market psychology will drive price toward it. However, if we lose 92K support, expect a deeper pullback to the 90K zone. Stop below MA25 protects capital while giving room for normal volatility.
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$BTC is consolidating near 93.7K after touching 95K highs, showing a healthy pullback within a strong uptrend. Price is testing MA7 support while sitting well above the MA25 and MA99. The structure remains bullish with ascending MAs and higher lows. This looks like a standard retest before potentially pushing toward the psychological 100K level. Watch for a bounce here or a dip to 92K for better entry.
Trade Setup:
TP1: 96,500
TP2: 100,000
TP3: 104,800
Stop Loss: 91,200
The setup favors continuation if BTC holds above 93K. The 100K magnet is close, and market psychology will drive price toward it. However, if we lose 92K support, expect a deeper pullback to the 90K zone. Stop below MA25 protects capital while giving room for normal volatility.