Bitcoin’s Next Move Major Breakout or Breakdown ?

Chart Pattern
The chart displays range-bound trading between key levels of $91,535.66 (support) and $95,752.48 (resistance).
A recent pullback from the upper resistance indicates potential consolidation before the next significant price movement.

Key Insights
1.Current Price Action
Bitcoin is trading near $94,181.41, below the immediate resistance zone of $95,752.48.
The price has been rejected multiple times at the upper resistance, signaling a strong supply zone.

2. Potential Breakdown Scenario
If BTC breaks the $91,535.66 support, the next potential downside target could be $90,000 or lower.
Volume confirmation and momentum indicators would be crucial for validating a downward continuation.

3.Bullish Reversal Possibility
If BTC holds above $91,500, it may bounce back to test $95,750 again.
A breakout above $95,750 could target higher levels, with $100,000 being the psychological resistance.


Trading Plan

Bearish Setup
Short below $91,500 with a target of $89,500–$90,000.

Bullish Setup
Long above $95,750, targeting $98,000–$100,000.


Market Sentiment
Neutral to Bearish, Caution is advised until clear breakout/breakdown confirmation is observed.
The market remains unstable, with both upside and downside risks. Stay alert for macroeconomic news and BTC dominance trends.