BTC has encountered strong rejection around the $95k supply zone, signaling seller dominance at this level. The current price action suggests a potential pullback scenario is developing.
Key levels to monitor: • Resistance: $95k (local supply zone showing rejection) • Support target: $85k (local demand zone)
Traders should watch for confirmation as BTC approaches the $85k demand zone. This range compression between supply and demand could present an important decision point for the market. The rejection at $95k indicates sellers are protecting this zone effectively, making the lower demand level a logical target for near-term price discovery.
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MoneyBurnerSociety
· 01-07 20:54
95k has been smashed down again. Can we hold the 85k this time? I'm betting on my liquidation price.
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CoconutWaterBoy
· 01-07 20:52
95k is really a hurdle; if the selling pressure is that high, dropping to 85k is just a matter of course.
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SatoshiLeftOnRead
· 01-07 20:49
95k has been hit again. This time, the key is whether we can hold the 85k bottom line.
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ser_we_are_early
· 01-07 20:38
95k can't be broken, it seems the selling pressure really can't hold up... 85k needs to hold on.
Bitcoin Testing Critical Supply Level
BTC has encountered strong rejection around the $95k supply zone, signaling seller dominance at this level. The current price action suggests a potential pullback scenario is developing.
Key levels to monitor:
• Resistance: $95k (local supply zone showing rejection)
• Support target: $85k (local demand zone)
Traders should watch for confirmation as BTC approaches the $85k demand zone. This range compression between supply and demand could present an important decision point for the market. The rejection at $95k indicates sellers are protecting this zone effectively, making the lower demand level a logical target for near-term price discovery.