BTC's $92k Test: Rally or Rejection? 🤔
$BTC has staged an impressive rebound from the "Death Cross" lows, now challenging the crucial $92,000 resistance. This is the moment of truth.
• $BTC Analysis: We're seeing strong buying volume, but the $92,000–$93,500 zone is thick with sell orders from the mid-December crash. A clean break above $93.5k with sustained volume could trigger a short squeeze to $98,000. Failure to break, however, would likely send us back to retest the $88,000 support.
• $ETH Analysis: Ethereum is showing relative strength, consolidating above $3,100. The "Ethereum ETF narrative" is quietly picking up steam again, with whispers of new filings. This could provide a strong tailwind if BTC manages to break out.
• Short-Term Prediction: Bullish if $93.5k is cleared, aiming for $98k. Otherwise, prepare for a rejection back to $88k. The next 24 hours are critical.
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