Personal Opinion

This is a technical analysis chart of the BTC/USD pair (Bitcoin against the US Dollar) on a 30-minute timeframe. Based on the lines and markings in the image:
1. Uptrend channel (blue diagonal lines):
• Bitcoin was moving in an uptrend within a channel, but it has broken out of it, potentially signaling a loss of upward momentum.
2. Support and resistance zones (orange and green lines):
• There is a significant support zone around $94,959. If the price breaks below this level, it could accelerate its decline.
• The key resistance levels are near $97,658 and $99,530. If the price bounces from the current support, it might attempt to reach these resistance levels.
3. Probable scenarios (yellow arrows):
• Bullish scenario: If the price holds the current support, it could start a rebound toward the upper resistance levels. This would be driven by buyers entering at key levels.
• Bearish scenario: If the price breaks below the $94,959 support, it is likely to see a more pronounced drop to lower levels (possibly around $94,000 or lower).
4. Intermediate level (white horizontal line):
• The $98,397 level seems to be a key area to watch as a potential pivot (it could act as resistance or support depending on the price action).

Summary

The next price movement will depend on whether Bitcoin holds the support at $94,959 or breaks it. Monitor trading volume and candlestick patterns at these key levels to confirm a potential trend reversal or continuation of the current movement.