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The chart you uploaded shows Bitcoin's (BTC) price action on a 2-hour timeframe from TradingView. Based on the chart:
Support Levels:
Around $95,500 - $96,000 (green shaded area) – This level has been tested multiple times, indicating strong support.
If this level breaks, the next support is around $93,000 - $94,000.
Resistance Levels:
$98,800 - $100,000 – This is a key resistance zone, where price could face rejection.
If BTC breaks above this resistance, the next target could be around $104,000.
Trend Analysis:
The downtrend resistance (green trendline) has been broken, suggesting a potential reversal.
The red arrow indicates a bullish breakout possibility towards $100,000+.
Expected :
1. Bullish Case: If BTC holds support above $96,000 and breaks $98,800, it may move toward $100,000 and higher.
2. **Bearish