⚡ QUICK ANALYSIS BTC: The Critical Consolidation of $BTC at $93K
ATTENTION TRADERS! Bitcoin ($BTC) is in a high-risk consolidation phase around the $93,000 level. The midday sideways action is exhausting traders and preparing for a strong breakout in the afternoon.
📉 Key Levels for Imminent Breakout
Breakout Resistance (Bullish): The intraday resistance is firmly at $93,800. This is the level that must break to nullify selling pressure. A clear breakout with volume would push $BTC towards $94,500.
Risk Support (Bearish): The crucial support holds at $92,600. This is a psychological and technical support level (coincides with the morning low). Losing $92,600 would nullify the recent bounce and could lead to a drop towards $92,000.
📊 The MACD Factor
The MACD on the 1-hour timeframe is just below the signal line, reflecting indecision. Sellers are defending the $93,500 zone. A significant buying volume is required to reverse the bearish pressure seen in recent hours.
Conclusion: The strategy is to wait for the decisive breakout of $93,800 for a long or the loss of $92,600 for a short.
