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$BTC monthly line is about to close.
There is a high probability of a significant drop next month, and the price will at least need to return to around 85000, and it may even drop lower.
The price rebounded to 95,000 three times and was immediately pushed down. The trading volume increased, but the price couldn't rise, indicating that there is particularly heavy selling pressure above.
This typical divergence signal between volume and price suggests that the market's upward momentum is waning, and there is a strong willingness to sell from the trapped positions above.
The main funds are likely to maintain a monthly bullish candlestick pattern through sideways consolidation, so in the short term, the price will form a fluctuating range around 95000, repeatedly shaking off and digesting selling pressure.
Even if the price temporarily breaks through the high of 95780, it will at most reach 96200 - 96600, and then go up to around 97700, which is basically the ceiling.
Key reference points:
• Resistance Levels: 95500 (short-term resistance), 96600 (high transaction area), 97700 (strong resistance zone), 98200 (historical high region)
• Support levels: 93000 (short-term support), 92200 (lower edge of the oscillation center), 91600 (bull-bear dividing line), 90900
Reference Ideas
Short on the rise (short near 95200, take profit near 92200)
Buy on dips (buy around 92220-91600, take profit around 93400-94500) #BTC