The price of Bitcoin has been experiencing violent sideways fluctuations in recent days between the 93,000 and 95,000 levels, without sufficient liquidity.
General Trend Context
- Current Trend: Sideways
- Price Range: Between 93040 as support and 94737 as resistance
- Momentum: Weak and volatile, with buyers gradually losing control
- Clear oversold indicators appear on the H1 chart
Bitcoin : Next Trading Scenarios
Bullish Scenario (Contingent on a Resistance Break):
- Buy entry after a clear close above 94740
- Targets: 95277 then 95800
- Stop-loss: Below 94030
Bitcoin : Bearish Scenario (Currently Preferred):
- Sell with a steady break above 94030
- Targets: 93640 then 93040
- Stop-loss: Above 94740
Any break of the 93040 area could open the door to a correction towards 92600 and possibly 92000 during today’s sessions.
Trading strategies based on Buy/Sell levels
| BTCUSD | In case of buying | in case of selling |
| Entry point | 94032 | 93040 |
| Target Point 1 (TP1) | First resistance: 94513 | First support: 92644 |
| Target Point 2 (TP2) | Second resistance: 94620 | Second support: 92541 |
| Stop Loss (SL) | 93040 | 94032 |
Bitcoin’s current consolidation zone is setting the stage for a potential price shock. Indicators point to an imminent corrective decline unless buyers intervene aggressively above 94,700. Entrance is not recommended without a clear breakout confirmation.
