BTC’s recent price action is quite interesting. It’s stubbornly refusing to drop near the resistance level, but also holding back from moving up.

This kind of pattern—where it doesn’t fall when meeting resistance—often means the chances of a breakout are increasing. Personally, I’d prefer to wait and watch a bit more, and let the market choose its direction.

Currently, the 91900 level has already flipped from resistance to support. Even that strong bullish candle last night couldn’t break through this area, which suggests the support is pretty solid. This level can be used as the dividing line between bullish and bearish scenarios.

Looking downwards, 90100 is a potential strong support zone. If this level is really broken, there’s a good chance we’ll see a quick drop to a lower area, so be extra cautious.

On the upside, 93900 still hasn’t been broken through convincingly. Only a real breakout above this level can open up new room for gains. If that happens, the next target could be around 95900, and if it’s even stronger, then the key psychological level of 98000 comes into play.